Business

Inteva Products opens new manufacturing plants
Inteva Products announced that it is expanding its global presence with the opening of two new manufacturing plants in Oradea, Romania and Wuhan, China. The company is also relocating its Wuppertal Technical Center to a new larger facility in Solingen, Germany.The facility in Oradea will be Inteva’s second manufacturing facility in Romania. The site will manufacture roof system components for the company’s European customers base. The company plans to hire more than 100 employees. Production begins this summer.”Inteva provides ... more
The Bulgarian supplier in the field of electronic components M.P.El signed a distribution agreement with the Chinese company Shenzhen WTL Electronic Technology Co. Ltd, manufacturer and exporter of quartz crystals, filters, resonators, oscillators, TCXO, VCXO, SAW devices, etc. ”Our products find application in different fields such as: computers and accessories, communications, wireless devices, transportation, industrial equipment, meters, airlines, etc”, the Chinese company stated.”Тhe quality of our product range is the result of knowledge and experience built up over several ... more
New management at Messe Frankfurt Istanbul
As of 1 January 2015, there is a new management team at the helm of Messe Frankfurt Istanbul Uluslararasi Fuarcilik. The Messe Frankfurt Executive Board has appointed Isin Saglam and Tayfun Yardim as Managing Directors of the company. They will take over from Mirko Schubert, who had been overseeing the Istanbul subsidiary and who will return to his position as Vice President in charge of International Sales Management in Frankfurt.Isin Saglam and Tayfun Yardim will be jointly responsible for ... more
The parliament of Bosnia’s autonomous Bosniak-Croat Federation approved a Chinese consortium on as the preferred bidder to build a 450 megawatt coal-fired power generation unit worth 785.6 million euro. The consortium, which includes China Gezhouba Group and Guandong Electric Power Design, was the only valid bidder after Hitachi pulled out of the race. The project at the Tuzla power plant in northern Bosnia is one of the largest investments in the Balkan country’s energy infrastructure, which needs upgrading as ... more
Sika to strengthen its presence in South-Eastern Europe
With a new plant in Serbia and the foundation of a subsidiary in Bosnia-Herzegovina, Sika is laying the foundation for further growth in South-Eastern EuropeSika Serbia has relocated its premises from Belgrade city to a larger site in Simanovci, 20 km north-west of the capital, and built a mortar plant in addition to its existing concrete admixture production activities. With the expansion of its operations in Serbia, Sika is improving its competitive position and will be able to better ... more
Italian Calzedonia opens second factory in Serbia
The Italian company Calzedonia, a world leader in the textile industry, opened today in Subotica its second factory in Serbia. Factory ”Gordon”, a daughter company of the Italian giant has started with trial production last year, currently employs 450 workers and plans to hire a total of 1,000 workers. The company so far invested E15 millionis in the realization of this project.”Calzedonia” successfully operating in Serbia since 2008, primarily through its factory ”Fiorano” in Sombor, which currently employs 1,250 ... more
Tigar Tyres opened new manufacturing facility
Tigar Tyres opened a new manufacturing facility ”BIG TIGAR” in Pirot which will employ 500 people, and increase the production of tires for passenger vehicles from 8 to 12 million pieces per year. The E215 million investment, located at the area of 56,000 m2, started in 2013 and it represents the completion of the first phase of the investment project.The second investment phase involves investing an additional E165 million to increase the capacity of production of tires for passenger ... more
A successful EBRD sustainable energy programme comes to an endIn 2004, Bulgaria was three years away from its EU accession. It was set to become the EU’s most energy intensive economy, while beginning a programme to shut down the oldest units of the Kozloduy Nuclear Power Plant, which produced 40 per cent of the country’s electricity.In this challenging context, the EBRD inaugurated a new model of private sector credit lines in Bulgaria, which aimed to make businesses and households ... more
Croatian investors open plant in Serbia
On September 30th 2014, an opening ceremony was held at the restored production facilities of RASCO-TAMP Ltd. in the Serbian city of Senta. RASCO-TAMP was formed in 2013, when RASCO Ltd. bought the properties of TAMP Plc., an industrial valve producer. With the completion of investments aimed at improving the working conditions in the facilities and outfitting them with modern production technologies, the 50 current employees of RASCO-TAMP have begun the production of RASCO brand products. The company will ... more
The new kiln in Devnya Cement plant has been switched on
With the activation of the new kiln, operations have begun on the new production line at the Devnya Cement plant, the Italcementi Group’s Bulgarian arm, located near the port of Varna in eastern Bulgaria. ”This operation, which flanks the Rezzato revamp in Italy, completes the strategic investment program to strengthen the Group in Europe” said Italcementi Group Chief Executive Officer Carlo Pesenti. ”With one of the largest investments in Bulgaria in the last 25 years, we have improved the ... more
Romania’s Nuclearelectrica has selected China CGN as investor for the development of two new nuclear reactors in Cernavoda
Societatea Nationala Nuclearelectrica S.A. (”SNN”) announces that China General Nuclear Power Corporation (”CGN”) has been designated the Selected Investor for the development of Cernavoda NPP Units 3 and 4 Project (”The Project”). The selection of the investor was based on the analysis of the Documentation of Intent (the expertise of the investor with similar projects, the financial capability, the degree of adherence of the Qualified Investor to the Memorandum for the implementation of the Project, proposed by SNN, as ... more
Swiss company ”Trisa” invests in Bulgaria
At October 26, 2014 Svetoslav Mladenov, Executive Director of InvestBulgaria Agency (IBA), Regina Escher Ambassador Extraordinary and Plenipotentiary of the Swiss Confederation to the Republic of Bulgaria and Evgeni Krastev, CEO of ”Trisa” Ltd. made the first sod of the future logistical and administrative center of the Swiss company, which will be built in the Industrial Park ”Sofia East” near Elin Pelin. Firstly will be built 3,000 square meters on own plot of 27,000 square meters. The President of ... more
The Foreign direct investments in Bulgaria for January - August 2014 are EUR 1221.4 million (3% of GDP), according to preliminary data of the Bulgarian National Bank (BNB). During the same period in 2013 the revised data for the FDI was EUR 1173.9 million (2.9% of GDP).Thus BNB reported an increase of 4% or 47.5 million euro. However, if the data today is compared with the unrevised data released in October 2013, the growth rate is significantly higher. The ... more
Bosch Group is expanding its presence in Turkey
The Bosch Group is further expanding its presence in Turkey. Between 2013 and 2015, the international technology and services company will be investing some 300 million euros in the extension of its existing location in Bursa, 90 kilometers South of Istanbul. By the end of this year, Bosch intends to create around 500 jobs there. High-pressure injectors for diesel passenger cars will be manufactured in the new production hall, primarily for European automakers. "By making this investment, Bosch is ... more

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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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