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Sonae Accounted For 3.7% Of Portugal's GDP In 2022, Study Finds

Sonae, which owns the food retail chain Continente, accounted for 3.7% of the overall Portuguese gross domestic product (GDP) in 2022.

Poland To Extend Zero VAT On Food, Energy Price Freeze Into 2024

Polish lawmakers voted in favour of extending a freeze on energy prices, while the prime minister said he would sign a decree extending 0% VAT on food into...

France Could Tax Food Industry Over High Prices: Finance Minister

The French government could use tax measures to claw back profits from the food industry if it does not accept talks on high prices, finance minister Bruno...

Edeka Südwest Board Member Caroline Wilkens To Step Down

German retailer Edeka Südwest has announced that Caroline Wilkens, Board Member of Edeka Südwest, will step down from the company due to family r...

Grieg Seafood ASA Says 2022 Ended With A Record Harvest Volume

Grieg Seafood ASA has released its financial results for 2022, in which the group reported a record harvest volume of 84,697 tonnes and an operational EBIT...

Drinkers Look Forward To Enjoying Dubai's 30% Tax Cut On Alcohol

Manager Richard Cowling expressed a sense of relief as customers flocked to his rooftop bar to enjoy Dubai's winter sunset over the Gulf and a 30% tax brea...

Dubai Scraps 30% Tax On Alcohol Sales Amid Economic Rebound

Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retaile...

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...