Drinks

In March 2024, the annual increase in the consumer price of coffee in the EU decelerated to 1%, a notable slowdown compared to March 2023, when it surged by 13.5%. This rate is now nearing the level observed in July 2021, when prices rose by 0.8%, as per data from Eurostat, the official European statistics agency.

Greeks can expect coffee to have a more bitter taste after Easter, as hikes of up to 20% are to follow the rally in global rates of the commodity over the last three to four months, resulting from a combination of factors.

A new legislative proposal in Bulgaria aims to prohibit the sale, purchase, and provision of energy drinks to individuals under 18 years of age.

Every year, just before the New Year, it is customary to make guesses on what the new year will bring next year, what will be new trends, in gastronomy, what will be cool to eat and drink, what will be out of fashion and what will be new hot topics. The gastronomy world is all speculating what the new gastronomy trends of 2024 will be.

Importers of coffee to the European Union are starting to scale back purchases from small farmers in Africa and beyond as they prepare for a landmark EU law that will ban the sale of goods linked to the destruction of forests, a cause of climate change.

In 20 glass bottles of the same drink received in the original packaging, it was determined that there was a transparent liquid with a pH of 3.5, which corresponds to the pH values of such drinks.

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.

Athens-listed Coca-Cola HBC is looking forward to even greater growth rates after 2023, with investments in new products that will serve the 24/7 strategy (products for all hours of the day and all days of the week), through capitalizing on the data it attaches great importance to, and by optimizing its performance at each point of sale.

Global food and beverage giant Nestle has said that it would stop extracting from two mineral water wells in eastern France due to drought and increasingly unpredictable weather conditions.

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.