Business

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

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

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

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

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

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 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

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

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

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’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

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 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

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

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