Business

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
Thermal power plants market in Bulgaria
The power sector in Bulgaria is complex and dynamically developing and thus offering variety of opportunities to local and international companies. Bulgaria is situated in Southeastern Europe, where both energy deficiency and demand are growing. In the recent years, the country has been an important regional electricity supplier.Electricity in Bulgaria is produced largely by thermal plants. The main thermal power plants in the country are Maritsa Iztok Complex, TPP Varna, TPP Rousse, TPP Bobov dol, TPP Maritza-3 Dimitrovgrad.Maritsa Iztok ComplexThe ... more
A new fund has been set to support energy efficiency projects and reduce carbon emissions in the Balkans and TurkeyThe Southeast Europe Energy Efficiency Fund, SE4F has been established by the European Investment Bank EIB, Kreditanstalt fur Wiederaufbau, KfW, the European Commission and the European Bank for Reconstruction and Development, EBRD.The EIB, KfW and the EBRD are each investing 25 million euro and the Commission is providing close to 20 million euro. The founding institutions eventually aim to increase the ... more
Southeastern Europe and the financial crisis
In a recent working paper, Peter Sanfey, leading eco-nomist at the EBRD, explains how the crisis evolved and how it has affected this region. You note in the paper that south-eastern Europe was blissfully unaware of the crisis in 2007 and 2008. Why?The region had really taken off in the past decade. It has had a number of years of high growth, low inflation, record inflows of foreign direct investment and there was a lot of confidence building in the ... more
Nabucco countries reiterate support for gas pipeline project
A two-day high-level meeting on the planned Nabucco gas pipeline ended in Budapest at January 27th 2009, with the countries involved in the long-delayed project promising to boost efforts to get it off the ground. The countries involved in the Nabucco gas pipeline reiterated their support for the project, which they hope will transport Caspian natural gas to Europe and reduce the EU nations’ dependence on Russian supplies.At the end of a two-day summit in Budapest, the Nabucco countries signed ... more
Sopharma Opened a Modern Logistics Center
A Totally Automated System for Storage and Management of Sales of Pharmaceutical Products was implementedSopharma recently opened a modern logistics drug center in the city of Sofia, Bulgaria. At the inauguration were present the Minister of Healthcare, Dr. Evgenii Zhelev, the executive director of Sopharma AD Ognyan Donev, the Austrian ambassador His Excellency Claus Fabian, the ambassador of Germany His Excellency Mihael Geier, the chairman of the German-Bulgarian Industrial and Commercial Chamber Mitko Vasilev, the executive director of CEIBG (the ... more

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COMPANY ARTICLES
Comet Electronics – Contract Manufacturing Services

Comet Electronics – Contract Manufacturing Services

Comet Electronics offers development service from the idea to the complete product, according to customer’s needs. The company’s design department works in close cooperation with its manufacturing units and the ... more
Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Zoltan Kiss, Export manager and Head of R&D in Endrich, gives more details about the highlights in the company’s participation at this year’s edition of the International technical fair in ... more
e-IoT success strories in 2022

e-IoT success strories in 2022

The 2020 debut of the E-IoT concept at the EmbeddedWord 2020 exhibition in Nuremberg has already predicted that the engineering community in the field of IoT will welcome the introduction of a complete test infrastructure to support their ... more

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