How did the pandemic affect the coffee market in Bulgaria? What is the trend in the last two years? How much is the market worth for 2021 in volume and value? - In Bulgaria, approximately 2 billion cups of coffee are consumed per year, which is an average of one coffee per day from adults. According to our calculations based on Nielsen data, the market is around BGN 420 million. People continued to consume coffee during the pandemic, partially shifting from consumption in...

Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in Russia. Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year. The Atlanta compa...

The Bulgarian soft drinks manufacturers and water bottling companies have envisioned a fully circular, bottle-to-bottle model for their packages, Jana Velichkova, executive director of the Bulgarian Soft Drinks Association (BSDA), announced at the PRIA Environment Bulgaria conference. The concept developed by BSDA aligns with the targets set by the European directive for collecting 90% of the PET beverage bottles (up to 3 liters) and reusing at least 30% recycled ma...

Organic growth reached 7.6%, with real internal growth (RIG) of 2.4% and pricing of 5.2%. Growth was broad-based across most geographies and categories, with increased pricing, continued momentum in retail sales and a further recovery in out-of-home channels. Total reported sales increased by 5.4% to CHF 22.2 billion (3M-2021: CHF 21.1 billion). Foreign exchange decreased sales by 0.8%. Net divestitures had a negative impact of 1.3%. Portf...

Yavor Stefanov is the new director of the Sales Department of Coca-Cola HBC Bulgaria. He will take over from his predecessor, Marko Andrić, who will henceforth be responsible for the company's sales operations in Romania. As a Sales Director, Stefanov will lead more than 400 professionals and will be responsible for the strategic management and future development of the trade business of Coca-Cola HBC, as well as for establishing a flexible and customer-oriented sales...