Projects

The global electronics manufacturer Bosch officially opened its new factory in the Romanian county of Cluj on May 9. The project has been awarded with the "Automotive Electronics Speed Award" for the record time it was build, the company announced in a press release. The opening of the new production facility in Romania was specifically scheduled to coincide with Europe’s Day. In the first phase of the project, which took and investment of 77 million euro, Bosch constructed a ... more
The leading Bulgarian plastic foil manufacturer Ate Plast opened its new plant for flexo printing and laminating in Stara Zagora. The project worth over 3.5 million euro is implemented under the Operational Programme "Development of the Competitiveness of the Bulgarian Economy". Two high-end pieces of technology - a flexographic and a lamination machine, have been purchased for the new plant, 80% of which production will be exported, the company said.In 2008, to meet the rising demand for packaging, Ate ... more
Japanese cable manufacturer Yazaki expands its business in Bulgaria
The global automotive parts manufacturer and supplier Yazaki is planning to hire 200 more people in its factory in Sliven, said Tsvetan Dimitrov, Yazaki’s Production manager, during a press conference of the municipal government. "800 people are currently employed at the company’s factory in Sliven. We expect this number to reach 1,000 in 2014", he stated.The production base in Sliven occupies an area of 13,800 square meters. The company bought the facility in 2012 and therewith started its reconstruction ... more
Draexlmaier to open a new factory in South Romania
The German car parts manufacturer Draexlmaier announced its intentions to open a new factory in the city of Pitesti, southern Romania. The facility will produce components and wiring for the automotive sector and will open 500 new jobs, the company disclosed.Draexlmaier has been operating a total of five factories in the country, employing over 14,000 people altogether. The company started its business in Romania in 1993 and is currently one of the main car producers in Eastern Europe. "The ... more
European Bank for Reconstruction and Development (EBRD) has granted an extra 30 million euro loan to Montenegro to support the country’s large-scale smart metering programme. The largest Montenegrin electricity provider Elektroprivreda Crne Gore, based in Niksic, will use the funding to further install smart electricity meters across the country, local media reported.Montenegro’s smart metering initiative was initially launched in 2010 with the financial support of EBRD, which then granted the country a loan of 35 million euro. It resulted ... more
Daimler expands its production in Romania
The global automotive giant Daimler announced it has officially initiated the construction of a new assembly plant in Sebes, Romania. Through this large-scale investment project, worth over 300 million euro, the carmaker will expand the Mercedes-Benz in the country production by developing additional capacities for transmission assembly. The new Mercedes-Benz 9G-TRONIC nine-speed automatic transmission will be assembled there. The project, operated jointly with the local subsidiary Star Transmission, will be fully implemented by 2016 and will open 500 more ... more
HP announced plans to build a printer plant in Turkey
The leading global information technology corporation Hewlett-Packard (HP) is planning to build a printer and cartridge manufacturing plant in Turkey, Filiz Akdede, HP Turkey’s Personal Systems and Printing Group Country Manager publicly disclosed. The company currently operates a Foxconn factory in Corlu, northwestern Turkey, which serves key regional markets such as Eastern Europe, the Middle East and North Africa. HP has been the leading brand in Turkey’s PC and printer market for the last 12 years.The company is also ... more
Dr.Oetker to construct its first production facility in Serbia
Dr.Oetker announced it had officially started constructing the company’s first plant in Serbia. The facility will be located on 4.5 hectares of land in the village of Simanovci, Vojvodina province. The project which is planned to be finished in the next year and a half is worth approximately 9,5 million euro. Dr.Oetker’s factory will meet the highest standards for food production and will employ 250 people, the company said. "The new plant will be comprised of four sections: office, ... more
A biomass cogeneration plant worth 35 million euro is being constructed by Romanian Greenprav
The Romanian power producer Greenprav has officially started the construction of a biomass-fueled cogeneration plant in the town of Busteni, Prahova county, state officials announced for the media. The construction contract for the new plant was signed in the middle of 2013. The facility is planned to be operational in July 2015. "The project is worth 35 million euro and will employ 140 people. 17 million euro of the total investment represent non-reimbursable funds. The other 18 million come ... more
The Italian textile manufacturer E.Miroglio announced its plans to renovate the three company factories in Bulgaria, located in Sliven, Yambol and Svishtov. The Miroglio textile companies export their production to 65 countries. The factories’ output is sold to more than six thousand customers.The major project will be completed until the end of 2014. The required investment amounts to over 28 million euro (55 million lv), part of which will be provided by European programmes. The renovation includes the replacement ... more
The German company Flammaerotec, part of the Flamm Group, officially initiated the construction of a new manufacturing facility in the Turkish district Corlu, the country’s Investment Support and Promotion Agency disclosed. The factory which will produce aircraft components is located in the European Free Zone in Tekirdag in northwestern Turkey. The Turkish plant of Flammaerotec, a certified supplier to European aircraft manufacturer Airbus, will produce parts for the Airbus A380 model. The production will thereafter be exported to Germany ... more
The Government of Montenegro signed a guarantee agreement on high-voltage cable with EBRD
The Montenegrin Ministry of Finance and the European Bank for Reconstruction and Development (EBRD) have signed a Guarantee Agreement worth 20 million euro, the Government of Montenegro officially announced. According to the document EBRD will grant Montenegrin Electrical Transmission System a loan, which will be used for the construction and installation of 150 kilometers long high-voltage cable (400KW) between municipalities Tivat and Pljevlja. The funds will also provide for the construction of the power station in Lastva Grbljanska and ... more
The Ukrainian industrial company Energia Ltd. plans to construct a water purification facility in the Technological Industrial Zone Skopje 2 in Macedonia. The project will result in the opening of 150 new job positions, the Macedonian PM Nikola Gruevski announced. It will cost a total investment of 18 million euro. The construction is planned to begin in the second half of 2014. The newly registered Macedonian division of Energia Ltd. will start operating the facilities mid 2015, the Director ... more
Romania plans to construct a new nuclear waste storage in the town of Saligny, the National Agency for Radioactive Waste (ANDR) announced. The facility will be located near the nuclear power plant in Cernavoda and will require an initial investment of 40 million euro. "This deposit will be made for sure. We are ready to make eight storage modules in the beginning, with an investment of EUR 40 million, and, in time, the plan is to expand the deposit ... more
Schaefer Kalk to implement a 30 million euro project in Bosnia and Herzegovina
The leading German lime manufacturer Schaefer Kalk Gmbh & Co is planning to initiate a joint manufacturing project with the B&H company BFS, part of the Stanic Group, an official company announcement states. The massive project, planned to be located in Mostar municipality, is worth a total of 30 million euro and will open about 150 new jobs. The entire production of the future facility will be exported to markets in Africa, Asia and the EU, the Group explained. ... more

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