Turkey

EBRD Announces Loan For Upgrading Migros Stores In Turkey

The European Bank for Reconstruction and Development (EBRD) has announced that it will provide a loan of €60 million for financing the modernisation o...

Alibaba And Other China Heavyweights Eye Turkey Assets After Lira Plunge: Sources

Several large Chinese companies, including tech giant Alibaba, are actively looking at opportunities in Turkey and have met with Turkish firms after the li...

Pladis Chief Executive Karakas Steps Down

The chief executive of Pladis, the snacking arm of Turkish conglomerate Yildiz Holding, has stepped down from his position. Just Food reported that Cem...

Cherkizovo Group Sees Profits Increase 70.5% In First Half

Cherkizovo Group, Russia's biggest vertically-integrated meat producer, recorded net profits of RUB 8.7 billion (€110 million) in the first half of 20...

Russia’s Cherkizovo Group Sees Chicken Volumes Decline

Cherkizovo Group, the largest vertically integrated meat producer in Russia, has said that chicken volumes went down during its second quarter, howeve...

Turkey's Sok Seeks To Calm Investors After Godiva-Owner Deal Hits Shares

Turkish grocer Sok Marketler has been calling investors spooked by its deal to buy shares at a premium from its controlling shareholder, just weeks after i...

Turkey's Şok Marketler Completes TL 2.3 billion IPO

Turkish discounter Şok Marketler has completed a TL 2.3 billion (€440 million) initial public offering, at an offer price of of TL 10.5 per share....

Turkish Discounter Şok Marketler Ticaret Announces Intention To Float: Analysis

Having posted 37% growth in revenue between 2015 and 2017, as well as opening an average of three stores per day during that period, it's no wonder that Tu...