News
The Bulgarian bread and bakery products manufacturing company JLP invested about 5 million leva (EUR 2,56 mln.) in a new and modern production base. It is situated in the Industrial and Logistic Park - Burgas. The official inauguration of the plant was held earlier this year in May. ... more
The German company Gerresheimer announced its plans to build a new factory in North Macedonia. The construction process starting in the first half of this year is set to be completed in 2020, with production starting in the second half of next year. ... more
In the beginning of April 2019 the Chinese manufacturer Minth Automotive Europe started the construction of a production plant for aluminum car parts in Loznica, western Serbia. The facility will create about 1000 new jobs and will be built in two phases. The company is investing 100 million euro in the new manufacturing unit, the Development Agency of Serbia (RAS) reported. ... more
The ways of adjusting the free industrial zones in accordance with the requirements of the fourth industrial revolution was one of the leading topics during the XXIV International Scientific Conference “Regional Development and Demographic Flows of the Countries of South-East Europe”, which took place on June 21 2019, at the Faculty of Economics of the University of Nis. ... more
The Automotive parts supplier Continental Romania is investing 1,9 million euro in the implementation of a fully automated storage system at its electronic components plant in Timisoara, local media reported. ... more
Sogefi Group is building a second manufacturing plant in Romania, the country’s Investment Agency announced. The Greenfield project worth EUR 50 million is planned to be implemented in the next 8 years. The facility will manufacture suspension components. ... more
MD Elektronik announced its plans to establish a new location in Vratsa, Bulgaria. The automotive supplier intends to build a production plant near Sofia, the capital of Bulgaria, where data cables and electronic components for numerous car manufacturers and system suppliers will be manufactured. ... more
The South Korean Yura Corporation is going to build a modern manufacturing plant in the Albanian city of Fier, the country’s Investment Agency announced. The initial investment in the facility amounts to EUR 6,5 mln. With this step the company is finally entering the Albanian market after planning it for years. Yura intends to develop an area with a total surface of 4,9 hectares known as the pipe basis in Zhupan, Fier, which was designated in 2018 as a priority ... more
The global automotive corporation Daimler started operating a new production line in the Romanian city of Sebes. The line is located at its local subsidiary Star Assembly which now produces 8G Double Clutch gearboxes for Mercedes-Benz cars. The investment in the manufacturing expansion worth EUR 250 million is planned to create a total of 500 new job positions in the facility. ... more
The US food and beverage manufacturing company PepsiCo officially inaugurated its sixth production facility in Turkey in January. The plant is located in the Manisa province. The project worth an investment of USD 150 million was given a start in 2014. ... more
The German producer of exhaust systems for the car industry Boysen plans to invest EUR 65 million in a production plant in Subotica, North Serbia. The facility will be located in the Mali Bajmok Industrial Zone and will cover an area of 35 000 m2. The investment is projected to create over 500 new jobs over the next five years. ... more
The new vehicles are provided via a loan by the European Bank for Reconstruction and Development and the Green Energy Special Fund (GESF). ... more
A loan agreement between the European bank for reconstruction and development (EBRD) and Autonom Services S.A. was signed in Bucharest. ... more
Leoni has announced plans to invest of EUR 32 million and provide 2000 jobs in the region. ... more
The opening ceremony on September 12 was attended by Latecoere’s Chief Executive Officer Yannik Asuad and Bulgarian Prime Minister Boyko Borissov. ... more
LATEST issue 1/2021
TECHNICAL ARTICLES
BUSINESS
TAP start of gas flows marks a historic step in supply diversification in Southeast Europe
TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through ... more
Serbia cuts EUR 3,2 billion deal with CRBC for environmental protection projects
The government of Serbia agreed with China’s CRBC on building a functional sewerage system and wastewater treatment plants in 65 municipalities across the country. The deal also includes rehabilitating or ... more
Expansion of the Trans-Balkan Electricity Corridor in Serbia continues with EU financing
The project contributes to the establishment of a regional power network connecting the electricity transmission systems of Bosnia and Herzegovina, Montenegro, and Serbia with Croatia, Hungary, Romania and Italy through 400 kV overhead lines or submarine cables ... more
ContourGlobal Maritsa East 3 TPP secures electricity supply by investing in a new power transformer
The facility increases the voltage of the electricity produced by the turbine and the generator to levels that are necessary to ensure the electricity transmission along the power lines and deliver at low losses to the households and ... more