Ukraine: Auchan acquires Caravan supermarket chain

Auchan Retail Ukraine, which operates a chain of 11 hypermarkets in Kyiv, Lviv, Odessa, Zaporizhia, and Kryvy Rih, signed an agreement with the Ukrainian distributor Caravan on the acquisition of its assets, namely nine Ukrainian-based hypermarkets, which employ 3,300 people. “Auchan Retail Ukraine will strengthen its presence in Kyiv, and will also be present in…

Ukraine: trade turnover with Hungary up

Last year, the trade turnover between Ukraine and Hungary grew after the fall in 2015 and amounted to $3 billion, Hungarian Extraordinary and Plenipotentiary Ambassador to Ukraine Erno Keskeny said during a roundtable in Kyiv on the topic “The Hungarian factor in domestic policy of Ukraine”. “We have a high trade turnover. Of course, it…

Ukraine and Kazakhstan to extend export-import cooperation

Within the framework of the Kazakh-Ukrainian Business Council, an agreement was reached between the two countries on export-import cooperation, Ukrainian Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities stated at the 13th meeting of the joint interstate Ukrainian-Kazakh commission for economic cooperation. According to Zubko, the Development Bank of Kazakhstan is…

Belarus: exports up in January-April 2017

In January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…

Ukraine: exports up in Q1 2017

In January-March the exports of goods and services from Ukraine totaled $12.4 billion, up by 28% YoY, or by $2.7 billion, the Ministry of Economic Development and Trade of Ukraine reported. In particular, in the reporting period the exports of goods increased by 34.4%, or by $2.7 billion, and totaled $10.4 billion. Agricultural products and…

Latvia: April 2017 retail trade turnover up

Compared to April 2016, total retail trade turnover rose by 2.8% in April 2017. Turnover of retail trade in food products increased by 1.7% and turnover of retail trade in non-food products grew by 4%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…