One of the world's leading food producers, Switzerland's Nestle, has bought Russia's Vologda baby food factory, Nestle reported in a press release. The value of the deal was not announced.
The Vologda factory, Nestle's tenth facility in Russia, will become the company's first one to produce baby cereals. Nestle's sales in Russia rose 22 percent on the year in 2002 to $700 million.
The company's investments in the food industry and its dealership network in Russia stood at more than $250 million as of December 31, 2002, the Russia Journal reported.
The Bulgarian authorities made a stupid and absurd decision when they did not let a government flight with official representative of the Russian Ministry of Foreign Affairs Maria Zakharova on board fly to North Macedonia