Luxury perfume segment quite successful

Although it covers only a small area of the market, the luxury perfumes segment is successfully covered by the large companies in the field who opened branches in Romania or used local distributors to carry out the producer's ... More

Britain's GSK eyes Bulgarian OTC drug, cosmetics brands

GlaxoSmithKline (GSK), the British pharmaceuticals company, is interested in the acquisition of established Bulgarian over-the-counter drug and cosmetics brands, Dnevnik learned from Jorge Manuel, general manager of ... More

Lek Boasts 2006 Revenues of EUR 721m

Pharmaceutical company Lek, a subsidiary of Novartis's generic arm Sandoz, posted sales of EUR 721m for 2006, an increase of 33% over the year before. Lek said profits grew significantly, but it did not disclose the figures in a ... More

SmellKiller Enters Bulgaria's Market

Bulgarians can finally buy the unique product SmellKiller starting from Friday as the producer company opened a shop in Mall of Sofia. The "killer" of all smells can be also purchased online at This is ... More

Hemofarm exporter of the year

The Serbian Investment and Export Promotion Agency (SIEPA) late today proclaimed the Hemofarm pharmaceutical company from Vrsac exporter of the year. At the official presentation of awards at the Belgrade City Hall, the ... More

Merger Creates Largest Cosmetics Manufacturer in SE Europe

Cosmetics producer Ilirija acquired pharma company Lek's cosmetics units Lek Kozmetika, Lek said on Monday, 13 November. The daily Finance wrote on its website that the acquisition created the largest cosmetics manufacturer in SE ... More

Actavis-Sindan posts EUR 45 million in sales

Islander pharmaceutical company Actavis registered in the first nine months EUR 45 million in sales, a 31 percent increase on the similar period of 2005, the biggest contribution being registered by the Romanian producer Sindan, ... More

Farmec Co. plans to double sales of Gerovital H3

Farmec Co., the biggest Romanian-held cosmetics producer, projects turnover worth 18.7m euros for this year and double sales of products in the Gerovital H3 range, which has been recently re-launched under a new formula. "More ... More

Drogerie Markt expands in Romania

German cosmetics network Drogerie Markt DM might expand in Central, East and South Europe, the first step being taken in Romania and then in Bulgaria. The company has already started the procedures to found a DM subsidiary, said ... More

Korres cosmetics forges Chinese deal

During Alogoskoufis' trip, Korres SA, a cosmetics manufacturer signed an alliance with Shanghai Jimei International Trade Co Ltd, a distributor that will handle the Greek firm's products in the Chinese market. "It is very ... More

Antibiotice Iasi back on sale

The Authority for the State Assets Realisation (AVAS) published on Monday a preliminary announcement regarding the intent to sell its majority stake in Antibiotice SA Iasi.The sale of the package of 53.0173 percent of the equity ... More

EBRD accepts offer for PLIVA

The European Bank for Reconstruction and Development has accepted the offer from the US drug company Barr Pharmaceuticals to purchase its remaining 5.4 per cent shareholding in the Croatian pharmaceuticals company Pliva at 820 ... More

Italian cosmetic firms flirt with Turkish market

Italian cosmetics producers are targetting at the Turkish market, which offers attractive development possibilities. Exports of Italian cosmetics companies to Turkey rose 10.3% in 2005 to 22.7 million euro, the Italian ... More

Pfizer Romania Obtains Production License

Pfizer Romania will soon obtain a license to produce basic pharmaceutical products and license to perform wholesale and retail activities involving pharmaceutical, cosmetics and perfumery products through specialized outlets and ... More

Cosmetics retailer Sephora delays Bulgarian market entry for '07

Sephora, the French cosmetics retailer, has abandoned plans to open a flagship at the just-launched City Center Sofia shipping mall in the Bulgarian capital, deferring its debut on the local market for 2007. The news was ... More

HANFA approves publishing of bid for takeover of PLIVA by ACTAVIS - extended

The Croatian agency for the supervision of financial services HANFA on Thursday decided to approve the publishing of a bid for the takeover of the pharmaceutical company Pliva by the Icelandic company Actavis, which offered 795 ... More

PLIVA’s supervisory board comments on BARR’s takeover bid

The Supervisory Board of the leading Croatian pharmaceutical company Pliva published in daily press on Wednesday its opinion about the takeover bid of the US company in DZI Bank, saying that Barr's offer was fair and that it ... More

Romanian pharmaceutical market on the edge of becoming a wholesale for Europe

Ministry of Public Health (MSP) will have to carefully analyse the policy regarding prices charged for medicines which Romania pursues at the time of integration into the European Union (EU). According to medicine producers ... More

Bulgarian cosmetics co Alen Mak places 6.5 mln euro bond

Alen Mak, the Plovdiv-based cosmetics company, has issued a 6.5 mln euro bond, said the company's CFO Vladimir Georgiev. The interest coupon of the paper, which matures in 2011 and could be listed on the Bulgarian stock ... More

Antibiotice Iasi Invests EUR 3.8 Million In Cleaning Plant

Medicine producer Antibiotice Iasi invested EUR 3.8 million in a cleaning plant for industrial water, which was opened at the end of May. This year, the company will open a plant that incinerates their own residues. For this ... More