Business

Over EUR 1 billion were invested in Western Balkans in 2018
A total of 67 projects were implemented with the funding, after a very successful 2017, when EBRD provided financing for the realization of another 57 implementations in the area worth almost EUR 700 million in total ... more
TMTS is growing in popularity, Taiwanese machine builders are on the rise
During the Taiwan Machine Tools Show (TMTS) 2018 the city of Taichung – "the heart of the Taiwanese machine building", once again became the center of attraction for the machine tools and accessories business in this part of Asia ... more
Kosovo`s government and ContourGlobal are looking for potential EPC vendors for a power plant project
Four of the six candidates were pre-qualified after the assessments came to the conclusion that they had met the serious technical and financial criteria and provided letters of intent from financial institutions. ... more
Gazprom and Serbia announced cooperation in the gas industry
The meeting was part of the International Forum of the International Energy Week and at it was discussed the further development of cooperation between Gazprom and Serbia. ... more
The EBRD acquires stake in Romania`s Black Sea Oil & Gas SRL
The project envisages the construction of five offshore production wells, a submarine gas production system, an offshore production platform, 126 km offshore and terrestrial gas pipeline, and a shore-side processing facility. ... more
Five Romanian cities modernize their water and wastewater services
Romanian citizens and the environment will benefit from a EUR 25 million investment for the improvement of water supply and wastewater treatment, as well as reduction of water losses. ... more
A new factory of Zumtobel group officially launched in Nis
The new plant in Nis will be designed for the production of LED lighting products and LED drivers, which will be mainly for the markets of Central and Eastern Europe as well as the Middle East. ... more
Clariant to open a new sunliquid cellulosic ethanol plant in Romania
The flagship technology developed by the company is being used on an industrial scale for the first time. ... more
New financing for Bulgaria’s Biomashinostroene
The EBRD will finance Bulgarian Biomashinostroene with EUR 4,5 million loan. The company will invest the funds to expand its operations. ... more
Turkish acrylic producer Aksa Akrilik receives financing to boost energy efficiency
The Turkish acrylic producer Aksa Akrilik will be financed with a multi-currency financing package worth almost USD 95 million with a seven-year maturity by the European Bank for Reconstruction and Development (EBRD). ... more
Winbond introduces blazing fast 1Gbit serial NAND flash IC for automotive market
Winbond Electronics Corporation, a leading global supplier of semiconductor memory solutions, has announced the introduction of a High-Performance Serial NAND Flash memory IC. ... more
Trans Adriatic Pipeline gas project receives up to EUR 500 million financing
The European Bank for Reconstruction and Development (EBRD)’s board of directors has approved a loan of up to 500 million Euros for the Trans-Adriatic Pipeline (TAP) gas project at a meeting in London. ... more
Transgaz and Eustream signed an agreement on the development of Eaststring
The General Manager from the Transgaz National Gas Transport Company - Ion Sterian and Rastislav Nukovic, General Manager of Eustream, announced the signing of a memorandum of understanding regarding the development of the Eastring gas transport corridor on the two countries’ territories, according to a press release of Transgaz sent to the Bucharest Stock Exchange (BVB). ... more
RAIS opened a new manufacturing facility in Bulgaria
On May 17 2018 RAIS, a leading manufacturer of CNC machine tools and metalworking equipment, opened its new manufacturing facility on the territory of Pazardzhik. The plant occupies a total area of 3800 square meters in a new industrial area, in close proximity to the company’s current production facility. Two workshops, a showroom and an administrative building were set up with training and staff qualification halls with a total value of BGN 8,6 million. ... more
Romanian logistics park receives European funding for expansion
The logistics park CTPark, situated on the A1 Bucharest-Pitesti motorway 2 km away from the Romanian capital Bucharest, will receive a financing package of 96 million euro from the European Bank for Reconstruction and Development (EBRD) and ING Romania bank. ... more

LATEST issue 1/2021

issue 1-2021

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TAP start of gas flows marks a historic step in supply diversification in Southeast Europe

TAP start of gas flows marks a historic step in supply diversification in Southeast Europe

TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through ... more
Serbia cuts EUR 3,2 billion deal with CRBC for environmental protection projects

Serbia cuts EUR 3,2 billion deal with CRBC for environmental protection projects

The government of Serbia agreed with China’s CRBC on building a functional sewerage system and wastewater treatment plants in 65 municipalities across the country. The deal also includes rehabilitating or ... more
Expansion of the Trans-Balkan Electricity Corridor in Serbia continues with EU financing

Expansion of the Trans-Balkan Electricity Corridor in Serbia continues with EU financing

The project contributes to the establishment of a regional power network connecting the electricity transmission systems of Bosnia and Herzegovina, Montenegro, and Serbia with Croatia, Hungary, Romania and Italy through 400 kV overhead lines or submarine cables ... more
ContourGlobal Maritsa East 3 TPP secures electricity supply by investing in a new power transformer

ContourGlobal Maritsa East 3 TPP secures electricity supply by investing in a new power transformer

The facility increases the voltage of the electricity produced by the turbine and the generator to levels that are necessary to ensure the electricity transmission along the power lines and deliver at low losses to the households and ... more

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