Business

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
The significant success is still to comeFrom my point of view we have long being working professionally for EU integration. Without being over expectant the moods are tuned to positive changes. Our engineers and designers are highly qualified and the labor cost is still very low. We are an attractive location to EU companies for development and production. It is a fact that large companies invest huge money in development and our small resources destine us to be ever catching ... more
The expectations of the branch for our membership in the European Union are rather positive, shows a study organized by the editors.“We also have a contribution to the industrial automation”, we have good reasons to claim this today in the dawn of our EU membership. Because we meet the European Union with well developed local production of instrumentation and well standing companies that have already won position on the Bulgarian industrial market as well as on a series of foreign ... more
Bulgaria and Romania - members of the EU
On 1 January 2007 Bulgaria and Romania have become full members of the EU, whose membership now stands at 27. After seven years of preparation, their accession marks the completion of the sixth EU enlargement. With Bulgaria and Romania entry the EU is welcoming 30 million new citizens.Bulgaria and Romania applied for membership of the European Union in 1995 and accession negotiations with both countries were opened in February 2000. In 2002, the European Council announced its objective was to ... more
Bistra Todorova 99 Company produces more powerful transformers
Starting from this summer we launched new bigger and more powerful series of three phase transformers as a part of our strategical extension of our product portfolio (1.4 kVA 31 kVA), says for South-East European INDUSTRIAL market dipl. eng. Bistra Todorova, manager of Bistra Todorova 99 Company. “We invested big amount of efforts to design and implement the production of the new products. Except to reach completely all the technical requirements concerning features and materials, we had to restructure the ... more
Household appliance makers voice objections through new associationAt the founding meeting of “CECED Bulgaria” in the end of August 2006 in Sofia, representatives of household appliance manufacturers[1] strongly criticised the Bulgarian government for not complying with the EU Directive on waste electrical and electronic equipment (WEEE Directive).The new industry association is determined in its opposition to the disproportionate product fees that are payable on its products entering Bulgaria or being placed on the market there, as well as to the ... more
Omron announces first-ever European CEO
Appointment of Roberto Maietti to Japanese board signifies global culture shiftOmron Corporation has announced in the beginning of April the appointment of Mr. Roberto Maietti as President & CEO of Omron Europe B.V. Reporting to Mr. Fumio Tateisi, the Japanese-based president of Omron’s Industrial Automation Business, Mr. Maietti will also take over the role of President of the Omron Management Center Europe. Mr. Maietti was confirmed as Executive Officer of Omron Corporation at the shareholder’s meeting on June 22nd, 2006. ... more
Regional network for efficient use of energy and water resources (RENEUER)
The states of Southeast Europe have limited energy and water resources. All countries from the region are net importers of energy resources to meet their domestic demands. At the same time energy consumption per GDP unit is among the highest in Europe. This consumption rate is not the result of high economic activity and high living standards but rather the consequence of low efficiency of fuel and energy use.Efficient use of energy and water resources is an issue of key ... more
SEE companies participation at Hannover Fair 2005
By Teodora Ivanova, Marieta KrastevaComparing to the huge amount of exhibitors (6,090) from 65 different countries wich took part at Hannover Fair 2005, the SEE companies participation seems relatively small. But if it is not just a question of numbers, the companies of the region presented good and competitive products and technologies and some of them (still few) were exhibiting themselves at attractive stands. Still bigger part of the countries of SEE region traditionally participates on national stands and such ... more
Eurointegration in Action
Mutual acceptance of the testing certificates and reports has been established by Bulgarian and Romanian testing laboratoriesBeing deeply involved in the processes of establishment and stabilization of a conformity assessment system in the field of the New Approach Directives of EU in the Balkan Region, on 22.03.2005 an agreement concerning the mutual acceptance of the testing certificates and reports between:“Testing of electrical products” JSC (TEP JSC - www.iep-bg.com) and The research and design Institute for Electrical Engineering – Department of ... more
Omron Strengthens Support in Eastern European Markets
Omron has announced the opening of a new regional office in Bratislava, Slovakia, following significant growth of its components business in Eastern European markets. The company is also expanding into Russia and Russian speaking territories with the opening of a new office in Moscow.The new Bratislava office will build on the success of Omron’s existing Emerging Markets activity by enhancing local presence and providing more direct support for customers. It will be formally opened by Omron’s Electronic Components president Mr ... more
By Roumen Atanasov The industry in Balkan Region and South-Eastern Europe attracts attention of the big European companies with the availability of qualified specialists, the motivation for joining the European industry sectors, easy logistics, the cultural proximity and of course, lower production costs. One of the most topical and very interesting projects is promoted by the Siemens Group of Companies, aiming identification of manufacturers in South-Eastern Europe possessing the necessary minimum of potential to become suppliers of the multiple product directions of ... more

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