Vucic: Ikea to open store in Belgrade in 2016

Serbian Prime Minister Aleksandar Vucic stated on Monday that the first Ikea store in Belgrade will open next year. “The opening of Ikea has been announced since 2000. Every year Ikea is arriving, and I say that we will ... More

Domestic Bingo to takeover the Tus supermarkets

Bosnian retailer Bingo is planning to take over several supermarkets formerly owned by Slovenia’s Tuš, according to a statement by the Competition Council of Bosnia and Herzegovina. Tuzla-based Bingo plans to ... More

Sklavenitis completes purchase of Halkiadakis SA‏

I.S.Sklavenitis, a Greek supermarket chain, on Monday announced the completion of a purchase of a 60 pct equity stake of Halkiadakis SA from Veropoulos Group and said that the Halkiadakis board elected its new members, where ... More

First IKEA department store in Belgrade by late 2016

Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic, Mayor of Belgrade Sinisa Mali and Head of the Sector for Real Estate and Development at IKEA Southeastern Europe Vladislav ... More

Bulgaria: IKEA To Open Order and Pick Up Centres Outside Sofia

Swedish furniture company IKEA is planning to open order and pick up centres outside of Sofia, reports Capital Daily. The company is also planning to offer online shopping through its website. Currently IKEA, through its ... More

DIAMANTIS MASOUTIS S.A. - The only Greek company to rank among the top 100 European companies with the best work environment!

For the second year in a row, Diamantis Masoutis S.A. received a very important ranking among the companies with the best work environment in Europe. It is the only Greek company that was awarded at the Great Place to Work ... More

BauMax to Withdraw from Turkey

Austrian home-improvement DIY chain BauMax has officially announced its withdrawal from Turkey. BauMax owner Karl-Heinz Essl communicated the news on Austrian ORF television and repeated previous information that the company ... More

Bucharest, Istanbul in top ten by new shopping mall construction

Bucharest, Kiev and Sofia are the only capitals in Central and Eastern Europe where completion of new shopping malls with an area exceeding 100,000 sq. m is still due. Data has been provided by the CBRE consulting company. ... More

Belgian food retailer Delhaize Group sells Bulgarian Picadilly chain

Belgium-based food retailer Delhaize Group announced on its website that it had signed an agreement for the sale of its business in Bulgaria with AP Mart on Wednesday. In Bulgaria, Delhaize Group owns the Piccadilly chain of ... More

Bulgaria: Technopolis owner buys Praktiker's

Videolux Holding, owner of the Technopolis retail chain of consumer electronics, is to acquire the Bulgarian unit of Germany's DIY store chain Praktiker. Videolux Holding signed a preliminary contract with the parent company ... More

Praktiker Eager to Exit Romania, Starts Angling for Buyers - Report

German DIY retailer Praktiker is reportedly looking for buyers for its Romania unit in a move that will not affect its operations in other EE countries, including Bulgaria. "A Romanian Insolvency house has been appointed to ... More

Lidl coming to Serbia in second half of 2014

Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic today expressed hope that the retail chain Lidl will start the construction of its retail stores in Serbia in the second half of ... More

Shopping Centers in Bulgaria declared unsafe by building inspectors

A number of shopping centers and retail stores in Bulgaria are threatened with closure over illegal superstructures, extensions, restructuring, etc. The construction works were either unauthorized, or the buildings had cracks, ... More

Folli Follie sells remaining stake in HDF to Dufry for 328 million euros

Folli Follie came to an agreement on Wednesday to sell a 49 percent stake of Hellenic Duty Free (HDF) to Swiss travel retailer Dufry AG for 328 million euros. Dufry will pay 175 million euros in cash and 1,231,233 ordinary ... More

Mercator Group plans to break even in 2014

The group around retailer Mercator plans to generate EUR 2.7bn in sales revenues and profit of EUR 339,000 in 2014. Investments in the next year will meanwhile amount to EUR 58.9m, which is EUR 20m more than planned in ... More

Capitol Mall & Residence inaugurated

Skopje on Thursday got a new shopping center called "Capitol Mall & Residence" - a domestic investment estimated at 30 million euros, which has created 500 new jobs. The shopping mall, located in the Municipality of Aerodrom, ... More

Diamantis Masoutis S.A. - Amongst the top 50 businesses representing Greece at the European Business Awards

Diamantis Masoutis S.A. enjoys the great distinction on both a European and international level of progressing to the next round of the European Business Awards 2013-14 as the National Finalist for Greece. We are the only ... More

Hervis Hungary goes multi-channel in time for Christmas

Austria-based sporting goods retail chain has launched in four countries including Hungary what it calls a “multi-channel sales approach.” The everyday shopper will experience the concept as a way to combine online ... More

Competition watchdog okays Mercator takeover by Agrokor

The Slovenian Competition Protection Agency (AVK) has green-lighted the takeover of retailer Mercator by Croatian Agrokor. The watchdog approved the market concentration which the acquisition of a 53% stake in Mercator would ... More

Supermarkets help out large families

PAPANTONIOU supermarkets in Limassol and Paphos will be donating food to large families’ associations in the cities, the Cyprus Red Cross and local community markets, the supermarkets’ managing director has said. ... More