Business

Bulgarian IOW participated in two specialized branch exhibitions
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
Ford Otosan optimizes its commercial vans’ design with a loan from EBRD
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
Bulgarian mine to receive funding for an IoT-based telecommunications system
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
10 million euro loan provided to Turkish manufacturer Bozankaya by the EBRD
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
An action plan for sustainable future of Tirana was settled
Recently, the European Bank for Reconstruction and Development (EBRD) and the municipality of Tirana joined forces to ensure the development of the sustainable future of the Albanian capital. ... more
EBRD continue to support the successful business of Bulgarian energy bar producer
Smart Organic, a leading Bulgarian producer and distributor of organic products, gets a boost from the European Bank for Reconstruction and Development (EBRD) by its extending a EUR 2 million loan. ... more
Toshiba will implement low-carbon power solutions in Turkey
Toshiba has won a major order to supply a flash steam turbine system and generator (STG) for Unit 2 of the Kizildere III Geothermal Power Plant in Turkey. The company has made an agreement with the Zorlu Energy company, which is part of the Zorlu Energy Group, to supply a flash steam turbine system and generator (STG) in July 2017. ... more
EBRD boosts Bulgarian-Romanian cooperation in the water sector
The European Bank for Reconstruction and Development (EBRD) organized a conference dedicated to the challenges and reforms in the water and wastewater infrastructures of Bulgaria and Romania. The conference was held in the Bulgarian village Starosel and brought together representatives of the EBRD, sanitation utilities, Bulgarian and Romanian national water associations and relevant ministries. Since both countries are in similar situation of facing the challenges of pre- and post EU accession obligations, the conference served as a forum share ... more
Bosnia and Herzegovina receives EUR 20 million support for a modern water system
Bosna and Herzegovina has received over EUR 20 million in total from three European institutions for the reconstruction and implementation of a new modern water system for clean water in Bijeliijna. The new system is supported by the European bank for Reconstruction and Development (EBRD), the European Union and the Swedish International Development Cooperational Agency. The institutions will loan the project for new modern water system in Bosnia and Herzegovina EUR 12 million, EUR 6,5 million and EUR 4 ... more
New green reform will upgrade Kosovo’s bus fleet
A new green reform will upgrade part of the public transport and particularly the bus fleet of Kosovo’s capital Pristina. The European Bank for Reconstruction and Development (EBRD) will support the reform with a 10 million EUR investment. ... more
EBRD supports a major resource-efficient enterprise at Tupras, Turkey
The European Bank for Reconstruction and Development (EBRD) will financially support a major resource-efficient enterprise that will take place at the biggest industrial company in Turkey - the oil refining company Turkiye Petrol Rafinerileri (Tupras). The project will take place within the next two years. ... more
The first Center of Small Business opened in Serbia
The first Center of Small Business in Serbia opened in one of the cities in the central region of the Serbia - Kragujevac. The center is part of the Chamber of Commerce and Industry of Serbia (CCIS) and aims at improving business environment for small and medium sized enterprises, increasing qualifications of workers, helping boosting employment, strengthening the local economy and supporting the project "Year of the Entrepreneurship", CCIS representatives announced. ... more
EBRD improves stability of the power system in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) will provide EUR 8,5 million for critical upgrades required for sustainable and efficient operation of the electricity transmission system in Bosnia and Herzegovina (BiH). ... more
Serbian SMEs to receive €30 million from EBRD via Komercijalna Banka
Support from the European Bank for Reconstruction and Development (EBRD) to private entrepreneurs in Serbia is to be increased with more access to finance for small and medium-sized enterprises (SMEs). Komercijalna Banka, the second-largest bank in Serbia by assets, will get EUR 30 million from the EBRD as an extension of a three-year loan. ... more
Romania’s Green Group aims at further development as EBRD sells its share in the company
The European Bank for Reconstruction and Development (EBRD) has sold its stake in Green Group, a Romanian company focused on consumer packaging waste recycling. The firm enters the next phase of its development and plans a public listing. The Bank’s stake is being taken over by Abris Capital, a private equity fund based in Warsaw, concentrating its activity on Central and Eastern Europe. ... more

LATEST issue 1/2021

issue 1-2021

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BUSINESS
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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