Cola

Some 60% of PepsiCo's soft drinks for the domestic market will be produced in Greece from the end of the year, after the company decided to return even more of its production after 2016, when it decided to close the soft drink factory at Oinofyta, north of Athens.

The medalists in the 10-kilometer marathon swimming (l-r: Oliver Klemet, Germany, silver; Kristof Rasovszky, Hungary, gold; and David Betlehem, Hungary, bronze) pose for a selfie with a Samsung Galaxy Z Flip6 phone provided to them for the occasion. Not to be outdone, French luxury goods firm LVMH provided the Louis Vuitton trays on which the medals were placed at all award ceremonies.

Turkey's parliament has removed Coca Cola and Nestle products from its restaurants over their alleged support for Israel amid the conflict in Gaza, according to a parliament statement and a source who named the two companies.

The two companies did not immediately respond to a request for comment.

Two separate World Health Organization expert panels have declared the sweetener aspartame a "possible carcinogen". However, it remains safe to consume within the recommended levels already established.

Athens-listed Coca-Cola Hellenic Bottling Company has announced the acquisition of Finlandia vodka from Brown-Forman Finland, for $220 million.

Founded in 1970, Finlandia is a leading vodka brand in Central and Eastern Europe with annual volumes of 2.7 million nine-liter cases worldwide, of which more than 60% is produced within the Coca-Cola HBC geographical footprint.

Coca-Cola HBC on Wednesday announced higher organic revenue growth of 22.2% in the first quarter, excluding Russia and Ukraine.

The company said that a price mix led revenue growth as it took decisive actions to mitigate cost inflation.

Volume growth in sparkling, energy and coffee drinks was offset by declines in stills, driven by an anticipated weakness in water.

Coca-Cola 3E is "running" an investment plan of 75 million euros for the 2022-2023, and this is cause for optimism according to Ms. Maria Anargyrou-Nikolits, general manager of the company for Greece and Cyprus, despite the adversities due to inflationary pressures, the energy crisis and the problems of the supply chain.

Investments

Coca-Cola is planning to cut 2,200 jobs, including 1,200 in the United States, as it faces declining sales during the pandemic.

From 3 to 5.30 p.m. on Tuesday, the Delphi Economic Forum will host "The Inclusivity Lounge Online," organized by Women On Top with the support of the US Embassy in Athens and Coca-Cola HBC, and in cooperation with Women Act and Lean In Hellas. 

Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy's Acque Minerali, which is active in the domain of bottled water and refreshments.