Germany photograph

Germany

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Capital Berlin
Dialing code +49
Population82. 79 million (2017)
Minimum wage1,498. 00 EUR per month (Jul 2018)
Gross domestic product3. 677 trillion USD (2017)
Area357,588 km²
Location statistical region population83.24 million
Presidents Frank-Walter Steinmeier
Location statistical region minimum wage1,584.00 EUR per month
Location statistical region gdp nominal3.806 trillion USD
Okra answer panel phone numberPhone number
Okra answer panel longevityLongevity
Okra answer panel national animalNational animal
Chancellor Olaf Scholz
Okra answer panel leader Leader
Okra answer panel political parties Political parties
Okra answer panel inflation Inflation
Date of Reg.
Date of Upd.
ID405837
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About Germany


Germany is a Western European country with a landscape of forests, rivers, mountain ranges and North Sea beaches. It has over 2 millennia of history. Berlin, its capital, is home to art and nightlife scenes, the Brandenburg Gate and many sites relating to WWII. Munich is known for its Oktoberfest and beer halls, including the 16th-century Hofbräuhaus. Frankfurt, with its skyscrapers, houses the European Central Bank. ― Google

Where is the Germany

Germany Map
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Russia seizes control of Danone and Carlsberg operations

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Russia seizes control of Danone and Carlsberg operations

Jul 14,2023 7:10 pm

By Annabelle LiangBusiness reporter

Russia has taken control of The Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg.

The Units have been put in " temporary management" of The State , under a New Order signed by Russian President Vladimir Putin .

Moscow introduced rules earlier this year allowing it to seize The Assets of firms from " unfriendly" countries.

This came after many companies halted business in Russia following its invasion of Ukraine.

Danone and Carlsberg were in The Process of selling their Russian operations.

Sunday's order places the shares of Danone Russia and the Carlsberg-owned Baltika Breweries under the control of Russian property agency Rosimushchestvo.

France-based Danone, which started The Process to sell its Russian business last October, " currently investigating the situation".

The Firm added that it was " preparing to take all necessary measures to protect its rights as shareholder of Danone Russia, and the continuity of the operations of The Business ".

" any official information from The Russian authorities regarding the presidential decree of the consequences for Baltika Breweries".

The Danish brewer also said it had completed an " extensive process" to separate The Russian unit from the rest of The Company . Last month, The Company signed an agreement to sell Baltika Breweries but had Not Yet completed The Deal .

" Following the presidential decree, the prospects for this sales process are now highly uncertain, " it added.

In April, Mr Putin signed an order allowing Russia to take temporary control of foreign assets, in response to actions by the US and other countries that Russia said were " unfriendly and contrary to international law".

Also in April, it was announced that The Russian units of two energy companies - Germany 's Uniper and Fortum of Finland, had been brought under state control.

Danone's Russia operation is the country's largest dairy company, with around 8,000 employees.

It was estimated that the sale of The Business would result in a €1bn ($1. 1bn; £860m) hit for Danone.

Meanwhile, Carlsberg subsidiary Baltika produces some of The Most recognisable beer brands in Russia, with 8,400 employees across eight plants, according to Carlsberg's website.

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Source of news: bbc.com

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