Business

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
Mazak opens its 14th European technology center in Hungary
On May 11th this year Yamazaki Mazak opened its 14th technology center in Europe, which is located in Soskut, Hungary. The new technology center will provide enhanced before and after sales service and support from the company, in view of the growing Central European market. ... more
IHB develops its production range to meet the needs of the market
IHB Electric is a global supplier of electric motors, hydro generators and related with them repair activities and services for HPP. The company is one of the founders of electrical-mechanical engineering industry in Bulgaria and the biggest manufacturer of rotating electrical machines in the region. We have manufactured over 500,000 electric motors and hydro generators for Russia, former republics of the CIS, Eastern Europe and also for many countries form Western Europe, Asia, Africa and Latin America. ... more
Leading international experts shared their know-how at ISK-SODEX 2016
The leading Eurasian event for heating, refrigeration, ventilation and airconditioning technology ISK-SODEX Istanbul took place from 4 to 7 May this year at the CNR EXPO and Istanbul Expo Center in Turkey. The exhibition was attended by a total of 1293 companies from 46 countries and provided a significant contribution to the industry with its rich program. ... more
Malta plans to invest in the Montenegro energy sector
A delegation from Malta led by prime minister Joseph Muscat met with Montenegro prime minister Milo Dukanovic to discuss the possible cooperation between the countries in the energy sector for investment in the wind farm at Mozura hill. The prime minister said he had been presented many ideas that can possibly be useful for implementing positive experiences in economic and pro-European development. ... more
Japanese Marubeni interested in investment opportunities in Bosnia and Herzegovina
Representatives of the Japanese corporation Marubeni from its businesses in the Czech Republic and Romania visited the Foreign Investment Promotion Agency (FIPA) in Bosnia and Herzegovina and met with the director of the institution Gordan Milinic. ... more
Serbia purchases five electric buses for the Belgrade city transport
GSP Beograd, Serbia’s public transportation company for the capital Belgrade, has signed a contract with Chariot Motors from Sofia, Bulgaria, for the delivery of five electric buses. Belgrade’s mayor Sinisa Mali informed that the vehicles will be used for a four kilometer line in the central part of the capital, which will thus become the first in any European capital to be served only by electric buses. The capital city has about 700 buses in the streets but hopes ... more
EBRD promotes innovation at the Macedonian drawn-wire and metal manufacturer Brako
The European Bank for Reconstruction and Development (EBRD) is promoting innovation and supporting energy potency enhancements at Brako, a number one Macedonian engineering and metal process company. Brako is based in Veles and over the past decade has been investing in the development of a new product range that includes high value-added metal products, for example health mobility systems, metal accessories, conveyor belt systems, hydro power plants equipment and telecommunication equipment. ... more
Over 9.2 million euro will be invested in waterworks in Croatia
Improvements to the wastewater network in the Croatian city of Sisak and neighboring municipalities will be supported by the European Bank for Reconstruction and Development (EBRD) with a 9.2 million euro loan. The funds will be provided to the local water supply and wastewater company - Sisacki vodovod, for the financing of the construction of a new wastewater treatment plant and upgrades and extensions to the municipal wastewater network.”Sisak is located south-east of the capital Zagreb and has a ... more
Greece is testing a driverless bus in real traffic conditions
A driverless bus is being tested in real traffic conditions for the first time in the town of Trikala, Greece, local media reported. The French-built CityMobil2 buses are guided by GPS, lasers and wireless cameras, and their rides are free. As part of the European project to revolutionize mass transport and wean cities off oil dependency over the next 30 years, the testing will continue until late February 2016.Over the past year, CityMobil2 has been tested in controlled conditions ... more
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

LATEST issue 4/2022

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COMPANY ARTICLES
Comet Electronics – Contract Manufacturing Services

Comet Electronics – Contract Manufacturing Services

Comet Electronics offers development service from the idea to the complete product, according to customer’s needs. The company’s design department works in close cooperation with its manufacturing units and the ... more
Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Endrich Bauelemente Vertriebs GmbH success on the International Plovdiv Technical Fair

Zoltan Kiss, Export manager and Head of R&D in Endrich, gives more details about the highlights in the company’s participation at this year’s edition of the International technical fair in ... more
e-IoT success strories in 2022

e-IoT success strories in 2022

The 2020 debut of the E-IoT concept at the EmbeddedWord 2020 exhibition in Nuremberg has already predicted that the engineering community in the field of IoT will welcome the introduction of a complete test infrastructure to support their ... more

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