Business

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

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

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 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

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

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

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

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 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

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

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