Greek retailer Veropoulos has no plans to withdraw from Serbia.

By bne IntelliNews October 5, 2011
Greek retailer Veropoulos, which operates grocery chain Super Vero in Serbia, has no plans to withdraw from the local market, Beta news agency reported. "The Veropoulos company most decisively dismisses speculation about its alleged withdrawal from the Serbian market. Quite the opposite, we intend to continue to invest in Serbia and open more retail outlets in Belgrade, but also in the interior of the country," Veropoulos CEO Nikos Veropoulos said in a statement to local media cited by Beta. Veropoulos has so far invested around EUR 50mn in its four Super Vero supermarkets in the capital Belgrade and employs over 400. The company also plans to open two more supermarkets in Belgrade and expand throughout the country.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335