News

The Austrian company Remus announced it was building a new manufacturing facility in Sanski Most, a city in northwestern Bosnia and Herzegovina. Remus is one of the largest global producers of exhaust pipes for the automotive industry. Currently the company’s personnel numbers 150 people. The new investment is aimed at doubling the company’s production and will result in hiring 130 more workers, the company said. ... more

The third edition of Plastforum, the event organized by Diltech in the field of plastics processing, took place on June 24th-25th 2017 in Plovdiv. A number of well-known manufacturers such as KraussMaffei IMM, KraussMaffei Berstorff, MotanColortronic, ONI, Regloplas and Maplan presented their latest solutions at the forum. ... more

MEP Teknik will take part for a consecutive year in the upcoming edition of the International Technical Fair, which will take place between September 25 - 30 2017 in Plovdiv, informs the company. ... more

The Metallurgy Association in Macedonia organized a meeting in the country’s Economic Chamber which brought together representatives of the industry. ... more

The Italian company SOL Group invested 1,3 million euro in the construction of a small hydropower plant in the village of Bijelo Bucje, near municipality Teslic in Bosnia and Herzegovina. ... more

The Saudi and Egyptian Al Aboud Holding Company will be the new owner of the Turkey-based 6.6 MW Burdur Solar Plant of Tekno Ray Solar, a JV between Italy’s Enerray SPA and Turkey’s Tekno Group of Companies. ... more

A workshop named "Opportunities for cooperation between Albania and the Netherlands in the textile and footwear industry" was held in Tirana. The seminar was organized with the support of the Dutch Embassy in Tirana, in cooperation with CSR Netherlands, MVO Nederland and AIDA, as the main Albanian partner in this project. ... more

The 40th anniversary edition of the World Congress of Vine and Wine was held on May 29 – June 2 this year in Sofia, Bulgaria. Over 1000 delegates from all over the world had the opportunity to learn more about Bulgarian wines at the Hotel Marinela, EFE Hall. The forum gathered over 1000 representatives from member states of the International Organisation of Vine and Wine (OIV). ... more

British American Tobacco (BAT) has reported the signing of an agreement with Bulgarian cigarette maker Bulgartabac, within which BAT is to acquire some of its leading cigarette brands in a deal worth more than EUR 100 million. The deal is subject of anti-trust approvals and is expected to be concluded by the end of June this year, the company said in a statement. ... more

The CEO of the Agency for Foreign Investments and Export Promotion of the Republic of Macedonia Visar Fida had an official visit to Belgium recently. ... more

Sremska Mlekara bought 57,93% of the capital of Duvanska Industrija Bujanovac (DIB), as announced by the Serbian Ministry of Economy. According to Sremska Mlekara’s director Rade Basta, the idea is for DIB to be revived and for cigarette production to start again in Serbia’s southernmost area. ... more

The French multinational luxury goods conglomerate Sephora is about to acquire the Turkish major cosmetics retailer Tekin Acar Cosmetics. The deal is currently subject to approval by the Turkish Competition Authority, but upon approval 19 stores, including the flagship ones in Istanbul and Ankara, will be acquired by the French cosmetics compay. ... more

Sezana-based adhesives producer Mitol has been acquired by Belgium’s Soudal Holding. The Slovenian company expects to benefit from synergies while keeping all its business segments and trademarks. “With the arrival of a strategic owner with a clear vision, Mitol will further strengthen its development, sales and long-term stability,” said director Marjan Mateta, who will remain at the helm of Mitol. ... more

Kursumlija-based Planinka opened a new modern line for bottling in its factory for bottling Prolom voda. As company director Radovan Raicevic announced EUR 2,5 million was invested in the line with capacity of 13 200 units per hour. ... more

The British automotive and aviation company Rolls Royce and one of Turkey’s prominent defense contractors - Kale Group, have established a joint venture with ownership as follows: 51% for Kale Group and 49% for Rolls Royce. The joint venture company will operate under the name TAEC Aircraft Engine Industry Corporation and will produce jet engines for both military and civilian purposes, with intellectual property rights to the engines remaining in Turkey. ... more