Business

Hydro-energy Potential and Investment Climate for the Construction of These Plants in BulgariaWater is still the most widely used renewable energy source despite the evident interest in the utilization of solar, wind, geothermal energy and biomass. Bulgaria has long years of tradition in the generation of electricity by hydro power plants and currently a number of economic and ecological factors direct a large part of entrepreneurs to investment in this branch and most of all in small and micro HPPs. ... more
CEZ Group Buys 600 Megawatt Wind Farm Project in Romania
CEZ Group Buys 600 Megawatt Wind Farm Project in Romania 1.1 billion-euro project will be the largest onshore wind farm in EuropeCEZ Group, the leading CE power utility, and Continental Wind Partners LLC, a major renewable power developer, concluded the sale of CWP’s adjacent Fantanele and Cogealac wind farms in Romania to CEZ at the end of August 2008. The two projects will together be the largest onshore wind farm in Europe, with a total capacity of 600 megawatts, approximately ... more
Swiss food giant NESTLE transfers Bucharest ice-cream production to Bulgarian plant
Swiss food giant NESTLE transfers Bucharest ice-cream production to Bulgarian plantAs part of its optimisation programme in South-East Europe, on September the 4th 2008 NESTLE has announced it will relocate its ice-cream production from Bucharest to its Varna facility in Bulgaria. The decision was taken in the wake of the company’s re-organisation but also because Bulgaria’s biggest Black Sea city of Varna is very near to Romania’s capital, Bucharest, and is convenient from a transport and logistical point of view. ... more
OMV plans to set up a gas-fired power plant in Turkey
OMV plans to set up a gas-fired power plant in TurkeyThe Central Europe’s leading oil and gas company enters into strongly growing Turkish power market via investment in a gas-fired power plant in SamsunOMV Power International, a wholly owned subsidiary of OMV Gas & Power GmbH, signed a share purchase agreement to acquire 60% of the Turkish Borasco Elektrik Uretim Sanayi ve Ticaret A.S. After the kick off for the set up of a 860 MW gas-fired power plant at ... more
Bosch closes acquisition of majority shareholding in Ersol Solar Energy
Bosch closes acquisition of majority shareholding in Ersol Solar EnergyBosch shareholding (including call option) now calculated to be 91.17 percentFollowing approval by the antitrust authorities, Bosch has now closed the acquisition of 44.76 percent of the shares in Ersol Solar Energy AG, Erfurt, Germany, from Ventizz, the former majority shareholder. Furthermore, Bosch has already purchased an additional 29.34 percent of Ersol shares since it announced the acquisition. Together with the 11.38 percent of shares it has been offered in the ... more
Great demand for intelligent sensors from SICK
New technologies prevail on the market: sales exceed EUR 700 million for the first timeIn the dynamic economic situation of the 2007 fiscal year, the SICK Group achieved sales amounting to EUR 707.5 million, an increase of 9.6 per cent over the previous year, company reports in an official press release in the middle of April 2008. SICK has therefore continued its growth course for the fourteenth year running. Earnings also reflect this growth, despite increased in-vestments in the future ... more
The experienced specialists are mainly in the small companiesThe greater part of experienced Bulgarian specialists are owners or are employed in small and medium companies. Without an active government or legislative protection and assistance this great engineering potential of Bulgaria cannot be utilized efficiently.Eng. Doycho Doychev, Manager of DOYCHEVI EOODPartnership is necessary between the Chamber of Engineers in Investment Projects (CIIP) and Bulgarian companies Bulgarian companies must reorganize very flexibly in terms of management and form their strategy of development ... more
Bulgarian engineering companies in the EU
One year after our joining the Union the engineering branch demonstrates optimism and confidenceTLL Media Publishing House carried out a large-scale marketing research among engineering companies in the field of industry. With the joint efforts of the whole team the editors investigated, inquired and analyzed the business moods among a representative portion of the engineering companies operating in industry in relation to the end of the first year of Bulgarian membership in the European Union. Up to “closing” the issue ... more
Coca-Cola Hellenic to Install GE Energy’s Jenbacher Gas Engines In European Bottling Plants To Help Reduce Plant CO2 Emissions by More Than 20% Across Their ProductionThe Coca-Cola Hellenic Bottling Company S.A. and energy development company ContourGlobal, are launching a major industrial emissions reduction initiative in Europe with plans to install a total of 15 CHP (Combined Heat and Power) plants at bottling facilities in twelve countries. The first phase of the project will utilize 19 GE Energy Jenbacher gas engines ... more
Manufacture of measurement and control equipment in Romania
Romania has long-standing traditions in measurement and control equipment manufacturing. Well-known companies like Automatica, FEA and CAOM have been operated on the domestic and foreign markets for many years. After the political changes in the country a lot of multinational companies have become more active on the Romanian market. The measurement and control equipment industrial sector has benefited from foreign investments made by Contor Group, Honeywell, Siemens, Kuhnke and other companies mentioned below.We present information about few of the main ... more
Products and solutions from Slovenia
Part One of Serie of Publications:A Positive Business ClimateSlovenia continues to bring about its vision of a successful, internationally competitive, flexible and dynamic economy; the vision of a country of educated and motivated people who contribute to overall growth and, by way of this, to prosperity and social harmony. Entering the euro zone in 2007 was the single most important step in Slovenia becoming a modern, advanced and competitive European economy since its EU accession in 2004. It also became ... more
Co-operation for wind farm projects in Bulgaria and Turkey
The wind farm project company Plambeck Neue Energien AG, in Cuxhaven, continues to give its core business international reach. Two joint-venture contracts which envisage the establishment of joint companies to develop and implement wind farm projects in Bulgaria and Turkey are finally agreed on 9th November 2007.The partner for the joint venture in Turkey is Turkwind Energie Ltd. Plambeck Neue Energien AG will have an 80 per cent majority stake in the joint venture in which the wind farm projects ... more
Interview with Dobrin Dobrev, Commercial Director of ELMARK GROUP
We plan to open a second office - in BelgradeHow long have you being doing business with Serbia?At the end of 2005 our company managers decided to establish a subsidiary in the Republic of Serbia and the first sales of ELMARK products by the newly founded company ELMARK GROUP D.O.O. were made practically in February 2006. Can you, please, describe the specifics and organization of your business in Serbia?The main office of the company is located in the town of ... more
New wave of Bulgarian industrial projects in Serbia
Bulgaria is among the 10 most serious investors in Serbian industry for 2006, said Serbian press. The publications are based on the statistical data of Serbian National bank, ranking Bulgaria between UK and Italy as an investor. Although slow privatization processes, industry plenty of problems and old fashion material base Serbia becomes more and more attractive investments destination not only for Western but for Bulgarian business, too. One of the most optimistic trends is that the business is interested not ... more
The Bulgarian Bellwether in Electronics – The Success Story
40 Years of Tradition and Innovations Made Carat Electronics the Largest Bulgarian Producer of Electricity Meters.Carat Electronic AD is a leading Bulgarian IT company, specialized in research and development and production of high-end electronic products and information systems. The company was established in 1969 and for almost 40 years it has been the bellwether in the electronics industry on the Balkans. Thanks to the innovative approach and successful commercial policy, the company made its reputation for one of the leading ... more

LATEST issue 4/2022

issue 4-2022

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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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