Business

The Romaian company Green Oil and Lubes SRL is to receive a loan for the development, construction and operation of a recycling plant for waste lubricant oils in the Balkan country ... more

The European Bank for Reconstruction and Development (EBRD) said it was providing the largest pharmaceutical distributor in Kosovo Santefarm a loan to support the company in the construction of a greenfield logistics centre. Santefarm is supplying generic and branded drugs, over-the-counter products and medical materials to more than 600 pharmacies in Kosovo. The loan granted to the company amounts to 1,5 million euro, EBRD further announced. ... more

The largest wind farm project in Serbia and the Western Balkans to date will officially be realized after it received a EUR 215 million loan for its implementation. ... more

Albania’s leading local manufacturer of fabricated metal products APM has received significant financing from the European Bank of Reconstruction and Development (EBRD) and the Enterprise Expansion Fund (ENEF). APM is a fully owned subsidiary of Alb-Star Sh.p.k., one of the largest private construction and engineering groups in Albania. A total of EUR 1,8 million will be provided to support the company’s expansion. ... more

This year’s edition of the biennial leading trade fair productronica will take place at Messe Munchen from November 14-18. ... more

The European Bank for Reconstruction and Development (EBRD) announced it was converting the EUR 15 million debt owed by the Belgrade Transport Company GSP into local currency, Serbian dinars. ... more

Salonit Ahnovo was prized with a bronze Sustainable Energy Award by the European Bank for Reconstruction and Development. ... more

The first project under the recently launched Greek Renewable Energy Framework was signed by the European Bank for Reconstruction and Development. ... more

The European Bank for Reconstruction and Development announced it was going to provide a EUR 20 million loan to the Bulgarian subsidiary of Teklas Kaucuk, based in Kardzhali. Teklas is a Turkish manufacturer of fluid circulation systems and anti-vibration parts for automotive applications. ... more

The European Bank of Reconstruction and Development (EBRD) announced it is financing a major project for the renovation of the water supply network in Sarajevo. The reconstruction of the water infrastructure in the capital of Bosnia and Herzegovina is going to be funded by a 25 million euro sovereign loan provided to the Sarajevo Canton Water and Wastewater Company, EBRD added. ... more

The EBRD, the leading private equity investor in Turkey Actera, and the venture capital firm Esas Holding are acquiring a majority stake in the leading Turkish producer of flexible packaging Korozo Ambalaj, EBRD announced. ... more

Bulgarian company IOW traditionally took part in two agricultural branch exhibitions, company representatives announced in front of Engineering Review magazine. From May 16th to May 19th this year the company presented its technological solutions at Bata Agro, held in Stara Zagora. Almost in parallel to that, from May 18th to May 21th IOW Bulgaria took part in the branch exhibition AgriPlanta-RomAgroTec, which was held in Fundulea, Romania. ... more

The European Bank for Reconstruction and Development (EBRD) announced it will provide a 150 million euro loan to the Turkish automotive manufacturer Ford Otomotiv Sanayi A.S., (Ford Otosan). The aim of the loan is to support the carmaker’s project to optimize its commercial vans’ design. It will allow the addition of style transformations and innovative technology features to the vehicle series. The money will also enable the Turkish company to improve its production processes and operations. ... more

The Krumovgrad gold and silver mine in the south-eastern part of Bulgaria is to receive financing by the European Bank for Reconstruction and Development (EBRD) for the development of an advanced telecommunications system based on the Internet of Things. The project includes the implementation of equipment which can send, receive and analyse data to optimise costs and manage risks in the exploitation of the mine. ... more

Bozankaya, a Turkish producer of public transportation vehicles such as trams and electric buses, has partnered with Siemens to produce 22 four-wagon metro trains for Bangkok, Thailand. ... more