In a new report, the European Bank for Reconstruction and Development, EBRD, underlines that Southeastern Europe remains vulnerable to the on-going crisis in the eurozone, owing to its exposure to the Greek and other eurozone periphery economies.The report says the negative impact of the eurozone crisis on growth in the region through overall capital outflows may have lessened, but its effect on lending through cross-border bank deleveraging was continuing. "Financial sector vulnerabilities constitute the biggest risk, given that the vast ... more
EIB provides EUR 100 million to support smaller projects in Croatia
The European Investment Bank (EIB) is providing a loan of EUR 100 million to the Croatian Bank for Reconstruction and Development (HBOR - Hrvatska banka za obnovu i razvitak) to finance the projects of small and medium-sized enterprises (SMEs), mid-cap companies and municipalities in Croatia. The loan contract was signed in Dubrovnik following the meeting of the EIB’s Board of Directors, which took place in Croatia for the first time. The Republic of Croatia has obtained observer status in the ... more
Southeast Europe Management Forum 2012
The Management Forum of the Southeastern Europe in Belgrade, Serbia (19 - 20 September) has brought together a great number of home and foreign economic experts and businessmen. Addressing participants of the Management Forum of Southeastern Europe in the Serbian Chamber of Commerce, Serbian Prime Minister Ivica Dacic underlined that the economic recovery is a national priority and that it has to be based on new investments. Jelena Milenkovic has more.Prime Minister said that Serbia needs a plan to stabilize ... more
Martifer Solar opens new offices in Romania and installs its first photovoltaic plant in the market
Martifer Solar is opening a new office in Romania. Based in Bucharest, the new subsidiary will share the same building of all the other business units of Martifer group which is already present in the Romanian market since 2004. The company is now present in more than 20 countries over 4 continents (Europe, North and Latin America, Africa and Asia).At this regard, Pedro Pereira, Martifer Solar’s Regional Manager for the Mediterranean and Managing Director for Romania, commented that "with about ... more
Atlas Copco to acquire compressor manufacturer in Turkey
Atlas Copco has agreed to acquire the Ekomak Group, a Turkish manufacturer of industrial screw compressors, strengthening its market position in the region. Ekomak has a strong domestic position in industries such as metal works, textile and manufacturing.Ekomak was established in 1992 and has around 160 employees. It is privately owned and had revenues in the last 12 months of approximately MEUR 23 (MSEK 200). The company develops, produces and sells stationary, oil-injected screw compressors, including variable frequency drive options.Headquartered ... more
Honeywell opened new Training Facility to serve Turkey and neighbouring countries
Honeywell underscored its commitment to Turkey during a recent visit of one of its top executives for high-growth regions, who outlined Honeywell’s strong position in a variety of industrial sectors and how its technologies and solutions are contributing to a growing Turkish economy.In May Norm Gilsdorf, recently named president of high growth regions-Russia, Central Asia and Middle East, held meetings with Honeywell’s Turkish leadership team and local customers from the aerospace, energy, finance, chemicals, and construction sectors. More than 100 ... more
German investors in Serbia sending positive signals for 2012
Annual survey on business environment done earlier this year by the Serbian-German Economic Association (DSW) among its membership shows that despite the difficult economic environment, 51% of surveyed companies are expecting increased business turnover, while 45% of them foresee profit increase in 2012. As many as 91% of interviewed companies said they would re-invest in Serbia, which is a respectable result compared to surveys in the region.When evaluating the current state of their own companies, a total of 48% of ... more
Many Italian corporations have recently taken advantage of this state of affairs, moving part (or all) of their production into Yugoslav successor states (Serbia, Montenegro, Kosovo), all of which have very sound relations with Rome. Market penetration in Croatia, Bosnia-Herzegovina and Slovenia is more difficult because of German and Austrian prominence, though some economic hubs are emerging around Italian companies or merchant banks. Generally speaking, Italian investments in the Balkans have been made in four principal areass, in which operate ... more
Latest Investments in SEE Industry
Foreign Direct Investments in Romanian industryBosch invests 90 million Euros in a new plantGerman company Bosch announced it would invest 90 million Euros to build a new production plant in Blaj, central Romania. Bosch intends to build auto sensors and thermo technic profiles, in the new production facility, when the new investment is completed at the end of 2013. By now, the company has purchased a seven-hectare-plot where the future production facility will be built. Bosch currently has a Rexroth ... more
SIPLACE hosted a press conference, factory tours and new product introductions in Munich
At September 15th SIPLACE team organized a press conference for industry’s leading trade show Productronica 2011 and invited journalists from the world trade press to visit SIPLACE Headquarters in Munich, Germany. During the press conference Mr. Guenter Schindler announced a whole series of innovative SIPLACE solutions for the following process steps: new product introduction (NPI), setup changeover and production run. Mr. Guenter Lauber, CEO of ASM Assembly Systems, and W. K. Lee, CEO of new SIPLACE parent ASM Pacific Technology ... more
The world’s machine tool industry is being reshuffled
The world’s machine tool industry is being reshuffledsays Martin Kapp, Chairman of the VDWThe German machine tool industry is forecasting a 30 per cent increase in production output for 2011. "With the return to an anticipated volume of almost 13 billion euros, we would have caught up on almost all the deleterious effects of the crisis. That’s something we could be more than satisfied with", says Martin Kapp, Chairman of the VDW (German Machine Tool Builders’ Association), speaking at its ... more
Toshiba Corporation and Bulgarian Energy Holding EAD (BEH EAD) signed a Memorandum of understanding (MOU), under which they will discuss further developing cooperation in the field of energy and energy efficiency. The potential relationship between the parties includes closer cooperation in energy generation, including thermal power, hydro power, nuclear power and solar photovoltaic power, and increasing the efficiency of power transmission and distribution through the development of smart grids. The MOU signing was attended by Mr. Traicho Traikov, Bulgaria’s Minister ... more
The funding is provided by Eurobank EFG Group in cooperation with the European Investment Bank, the European Bank for Reconstruction and Development and the International Financing AgencyThe Eurobank EFG Group secured credit lines financing amounting to over 1.4 billion Euro for small and medium-size enterprises in Greece and the countries in Southeast Europe – Bulgaria, Romania, Serbia and Turkey. This places the Group as a major partner of supranational financial institutions for the support of small and medium enterprises. 805 ... more
The representatives of Lazar Dairy and GHD Inc. from Wisconsin, USA, signed a contract for the construction of a biogas digester on a dairy farm in Blace, South Serbia. The total investment is in the amount of $1.5 million, while the majority of the cost of the biogas digester pertains to associated infrastructure investments at the farm.It is expected that the digester will be fully operational by September 2011 and as such, it will represent one of the most significant ... more
Vestas opened office in Romania
Global Industry Leader Positioned for Growth and Development in Promising Eastern European MarketAt January 26, 2011 the world leader in wind energy Vestas has officially opened a new office in the Romanian capital of Bucharest, showing confidence in the development of the Romanian wind energy market and preparing Vestas for future growth in one of the most promising markets in Eastern Europe. The office will serve the Romanian wind energy market, support Vestas’ activities in other Eastern European countries, and ... more

LATEST issue 4/2021

issue 4-2021



Environmental industry met at IFAT Eurasia 2021 in Istanbul

Environmental industry met at IFAT Eurasia 2021 in Istanbul

This year, there was a special focus on combating the impending environmental disaster in the Sea of Marmara, where algae slime blankets on a historic scale have formed over the ... more
The die casting sector to gather at EUROGUSS 2022

The die casting sector to gather at EUROGUSS 2022

Machinery and equipment, processes, toolmaking and mould fabrication, foundries and associated technologies will be showcased in the four halls ... more
30th edition of Plast Eurasia to be held in December

30th edition of Plast Eurasia to be held in December

Exhibitors at the fair will have the opportunity to expand their business network and customer portfolio and gain access to new markets by meeting decision makers from the Balkans, Eastern and Western Europe, Western and Central Asia, Middle ... more