Business

Turkey is 16th in global automobile production
Turkey ranks sixteenth in global automobile production according to research, conducted by the International Organization of Motor Vehicle Manufacturers (OICA), that was released on October 26 this year.In the half-year period, Turkey has manufactured 667,592 cars - an increase of 18,4% as opposed to the same period during 2014. Global vehicle production also rose during the first six months of 2015 and was up 0,5% compared to the previous year, the report states.The world auto production from January to ... more
The Bulgarian metallurgical industry celebrated its traditional holiday in Aurubis Bulgaria
On November 5, 2015, in the Bulgarian town of Pirdop more than 200 representatives of the local metallurgical community, the central and local authorities, diplomats and media gathered to celebrate the professional holiday ”The Metallurgical day” in Bulgaria. This year the event was hosted by the largest copper producer for Southeastern Europe, Aurubis Bulgaria. ”The celebration of the Metallurgical day goes back to 1963, when the 5th of November was declared a professional day of the Bulgarian metallurgists”, the ... more
SEE TOP 100 companies mark the industry development in the region
Automotive companies on the rise, the latest SEE News ranking of the market leaders showsSEE News published its annual ranking of the largest companies in the region of Southeast Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Moldova, Montenegro, Romania, Serbia, Slovenia and Turkey). The edition has been making this ranking for eight years. 2015 is the first year in which an energy company does not rank as no. 1 in the region. This year, the largest company ... more
An EU-funded programme to boost SME competitiveness in Albania
The European Bank for Reconstruction and Development (EBRD), the European Union and the Ministry of Economic Development, Trade, Tourism and Entrepreneurship in Albania launched a new EU-funded support programme for small and medium-sized enterprises (SMEs) in the country.”The enlargement process requires Albania to be a well-prepared country, with a strong economy and business able to compete with those of EU member states. The strengthening of SMEs through support in innovation and entrepreneurship is an investment in Albania as a ... more
Turkey will produce electricity from olive waste
Turkey’s leading oil producer and marketer Marmarabirlik will begin producing electricity from olive waste. The company’s project for waste-to-energy conversion, which was funded by the Scientific and Technological Research Council of Turkey (TUBITAK), started as a research and development study two years ago and was completed in April 2015.Marmarabirlik’s treatment and energy production facilities are build on a 2,5 acre area in the Marmarabirlik integrated plant and will produce around 2 million kilowatt hours of electricity, according to the ... more
U.S. biogas technology to be installed in Serbian brewery
Industrial and Environmental Concepts’s (IEC) biogas cover technology will be installed at the Molson Brewery in Serbia. As a specialist in the design, fabrication and installation of industrial cover and liner systems, IEC was issued to fulfill the contract from the contractor and engineering organization Global Water Engineering (GWE).Global Water Engineering is a group of companies that specialize in industrial wastewater treatment, water recycling, biogas production and use, and IEC is a designer, manufacturer and installer of floating covers ... more
Bulgaria is the third best place in world for locating manufacturing
Bulgaria is the third most perspective destination in the world for locating manufacturing facilities, shows the latest annual report of Cushman & Wakefield entitled ”Where in the world? Manufacturing index 2015”. The country has come up four positions in comparison to its ranking in 2014. Bulgaria rankes only after Vietnam and Tunisia in the group of countries identified as ”rising stars”. Countries are estimated according to three groups of criteria - market operating conditions, risks and operating costs. The ... more
A wind farm worth 65 million euro to be constructed in Bosnia and Herzegovina
The Bosnia and Herzegovina’s Ministry of Industry, Energy and Mining and the company Elektroprivreda RS signed a concession agreement for the construction of wind farm ”Hrgud” in the Berkovici municipality for a period of 50 years. The project is planned to be implemented over the next few years. The facility will comprise 16 wind turbines with total installed capacity of 48 MW. Its total value is approximately 65 million euro.The project will be funded with 60 million euro loan ... more
Turkish Ege Profil granted a 26 million loan for the construction of high-technology plant
Ege Profil Ticaret ve Sanayi, the second largest PVC profile maker in Turkey, was granted a 26 million euro loan by the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund. The financial support package, comprising a 25 million euro loan from the EBRD and 1 million euro parallel financing from the Clean Technology Fund, is aimed to promote greater energy efficiency and more advanced environmental practices in the country.Ege Profil PVC produces a wide range ... more
Belarus interested in the Bulgarian pharmaceutical companies
Invest Bulgaria Agency (IBA) signed a memorandum of cooperation with the National Agency of Investment and Privatization of the Republic of Belarus, the Bulgarian agency announced. The memorandum covers the implementation of measures for attracting Belarusian companies with investment potential in Bulgaria and exchange of information on investment opportunities and privatization in Belarus of Bulgarian companies. Belarus has interest in cooperating with Bulgarian firms and enterprises in the pharmaceutical industry and the import of medical equipment from Bulgaria, as ... more
EBRD is supporting innovations in the Slovenian steel sector
The European Bank for Reconstruction and Development (EBRD) announced it had launched an investment programme worth 8.5 million euro to support the modernization of the Slovenian steel sector. The funds are in the form of bonds issued by SIJ-Slovenska Industrija Jekla, the largest specialized steel manufacturer in the country.The EBRD subscription is approximately 17 per cent of the total 51 million euro issue. The bonds will be listed on the Ljubljana Stock Exchange. The investment will contribute to the ... more
Sitel opened a customer experience center the Bulgarian city of Varna. The center will provide German-speaking services for a well-known company in the telecommunications sector. Additional international customers will be served with multi-lingual customer care. Sitel plans to hire approximately 100 employees through the end of 2015. This is Sitel’s second customer experience center in Bulgaria. The first, located in Sofia, opened in 2006.The new center is the company’s fourth facility located near shore in Eastern Europe. Sitel already ... more
A new factory for the production of bus chassis is already operating in Macedonia’s Stip-based industrial zone. The plant of the bus chassis welded elements manufacturer Aktiva Automotive opened 100 jobs and planned construction of new production facilities should open additional 200 jobs, the company announced. The production of the plant will serve the needs of Belgian company Van Hool, based in the Skopje technical-industrial development zone Bunardzik.At the official opening ceremony of the new plant the Aktiva owner ... more
Bosch announced its plans to invest in Turkey following a new investment program amounting to 200 million euros. The company has full confidence in Turkey and believes in its potential, Steven Young, , President of Bosch Turkey and Middle East said at the company’s annual meeting in May 2015.”In Turkey, where we have invested more than 2 billion euros in 43 years, we made investments worth 135 million euros in 2013. And we have a plan to invest 200 ... more
Danone Romania invests in new packaging technology
The dairy producer Danone Romania implements a new packaging technology in its plant in Bucharest. The major investment is worth 2.3 million euro, Romanian media reported.”The Danone plant in Bucharest processes approximately 50 million liters of milk every year, part of this quantity coming from Romanian farms with which Danone is partner since the first year of production in Romania.Moreover, Danone Romania has actively supported the development of the Romanian farms through dedicated programs, with an aggregate value of ... more

LATEST issue 4/2021

issue 4-2021

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EVENTS
Environmental industry met at IFAT Eurasia 2021 in Istanbul

Environmental industry met at IFAT Eurasia 2021 in Istanbul

This year, there was a special focus on combating the impending environmental disaster in the Sea of Marmara, where algae slime blankets on a historic scale have formed over the ... more
The die casting sector to gather at EUROGUSS 2022

The die casting sector to gather at EUROGUSS 2022

Machinery and equipment, processes, toolmaking and mould fabrication, foundries and associated technologies will be showcased in the four halls ... more
30th edition of Plast Eurasia to be held in December

30th edition of Plast Eurasia to be held in December

Exhibitors at the fair will have the opportunity to expand their business network and customer portfolio and gain access to new markets by meeting decision makers from the Balkans, Eastern and Western Europe, Western and Central Asia, Middle ... more

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