Jardine Matheson Group

The Swedish furniture giant, IKEA, plans to invest in neighboring Serbia over EUR 200 million over the next five years, according to a news release by Western Labor Minister Zoran Djordjevic.

The company has already invested EUR 60 million in the country and hired 330 employees for its Belgrade site, which started work about a month ago.

On the seventh season of HBO’s “Game of Thrones,” whether Jon Snow is facing brushes with death in battles against White Walkers or winning the heart of the Dragon Queen, he is doing it in style.

Aleksandar Vucic on Thursday took part in the opening ceremony of IKEA's first Serbia store, saying that the arrival of the Swedish giant "makes him proud."

The president told reporters that "talks are already underway" with the company's management about achieving "a much higher volume of manufacturing for the global market in Serbia."

Aleksandar Vucic's article, published on Wednesday in Serbian tabloid Alo, linked the upcoming opening of the new IKEA store to what he described as his own government's success.

"IKEA does not exist where there is no desire to think and work in a new, different way," Vucic wrote in the article.

Sweden's furniture retailer IKEA has installed "the IKEA tower" - a 45-meter tall symbol of its store at Bubanj Potok, near Belgrade.

This "symbolically announced the end of works" on this store, the first the company has built in Serbia.

International Swedish furniture design company has informed its customers to return its recalled its “Mystingso” beach chairs for risk of failing or finger entrapment. The company issued a statement urging customers who had purchased the specific chair before February 2017 to return the product to any IKEA store for a full refund.

Four hooded robbers on Monday night broke into the Ikea homeware and furnishings store near Athens International Airport in Spata, northeast of the Greek capital, and made off with an ATM, police said on Tuesday.

The robbers allegedly broke into the store's central doorway and removed a Piraeus Bank ATM, which they loaded into their getaway car.

Sweden's IKEA on Thursday started building its first Serbian store, with a groundbreaking ceremony near Bubanj Potok, on the outskirts of Belgrade.

IKEA's Country Manager for South-East Europe Stefan Vanoverbeke said on the occasion that the store would represent "a great success" for the company, noting that Serbia was "important for IKEA, and has been in its plans since the 1990s."

IKEA has launched preparatory works on its first store in Serbia, IKEA Regional Development Director Vladislav Lalic said on Wednesday.

At a roundtable titled “Consumer Rights: Challenge or Chance for Brand and Company”, he underlined that preparatory works had begun, as well as works on the dislocation of the toll booths in Bubanj Potok, and added he expected no more surprises.

The world's leading furniture retailer IKEA will seek new partners in Bulgaria as it is planning to increase its supplies from the country.

The Swedish company intends to double its sales globally until 2020, which necessitates the search of new supply opportunities and IKEA views Bulgaria as a long-term partner.