Locked content EC mulls extending support for food producers

The European Commission is analyzing data on the food market after Russia’s embargo and may consider support for dairy producers, the EC said in a press release on Friday. The statement follows  a meeting of the expert group to discuss agricultural markets. “[The EC] will not hesitate take any furth...

Locked content Russia to ban transit of EU foodstuffs?

Poland has received signals that Russia’s embargo on agricultural produce from Western countries could be extended to transit, Deputy Prime Minister and Economy Minister Janusz Piechociński said on Wednesday. “We are receiving the first indications that Russia’s customs and other authorities a...

Bakalland to be taken off bourse

Innova Phoenix and EMP Investments have announced a tender offer to buy 5,183,311 shares in nuts and raisins distributor Bakalland that make up 26.40 percent of all the company’s shares. The group calling on the shares wants to acquire 100 percent in the company’s and withdraw it from th...

Locked content EC to help counter effects of Russian embargo

The European Comission confirms the negative impact of Russian embargo on the European economy. There will be losses, but smaller, than it was firstly assumed, the EC said. Still, sanctions are expected to result in losses bigger than €5.2 billion. Lithuania will experience the most devastating loss...

Russia reveals scope of import ban

Following a decision by the country’s president, Russia’s Prime Minister Dmitry Medvedev has signed a government regulation defining the scope of the embargo on food products from countries that have imposed sanctions on Russia, news agency Interfax reports.

Locked content Ministers ask for team to counter Russian embargo

Polish Minister of Agriculture Marek Sawicki together with the Deputy Prime Minister and  Minister of Economy Janusz Piechocinski have motioned for the creation of a special body designed to minimize the negative impact of the Russian embargo on Poland’s economy. According to Sawicki’s predictions, ...

Locked content ZM Mysław eyes main market debut

Meat processing firm ZM Mysław, which debuted on the NewConnect market on Wednesday, is planning to move to the main market of the Warsaw Stock Exchange, the company’s CEO Teresa Jochemczyk was quoted as saying by the Polish Press Agency. “We have launched preparations for a move to the main market ...

Jawo in joint venture with Japanese food group

Japaneses food sector giant Ajinomoto plans to create a joint venture company with Polish frozen food producer Jawo, Puls Biznesu reports. The companies have filed a motion for approval to the Polish Office for Competition and Consumer Protection.

PMR: Food market to grow by 20% in 5 years

Poland’s food and beverage market may grow by 20 percent over the next five years, according to a forecast from market research firm PMR quoted by ISBnews. In 2013 the sector’s value grew by only 2 percent year-on-year to PLN 234 billion.