Nestle's new Ukraine plant in rare war-time investment

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 61%

Business News News

Nestle is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February 2022.

"This is an important move for Nestlé, taken in a very challenging time for the country," Alessandro Zanelli, Nestlé chief executive officer for South Eastern Europe Market, said in a statement.

Russia's invasion has wrecked Ukraine's economy, which is projected to shrink by 35% this year, according to International Monetary Fund estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines