Category: Companies & Ventures
Global provider of non-ferrous metals and one of the largest copper recyclers worldwide Aurubis AG, is investing around 46 million euro in improving slag processing at its site in Bulgaria. “Full commissioning is planned for 2026, and the multimetal supplier anticipates an additional contribution to earnings in the mid-single-digit million euro range from increased metal […]
Romanian car maker Dacia has presented the third generation of its bestselling SUV Duster on social media. The first generation started being produced in 2010 and its second generation was launched in the autumn of 2017. With 154,460 units sold in the first nine months of 2023, Dacia Duster sales grew by 4.1% compared to […]
Stada Romania said its 50 million euro factory in the city of Turda is 70% completed, Romanian portal News.ro reported. The 30,000 square metres facility will have a maximum production capacity of over 160 million packages of medicine, News.ro added. The facility will have nine production lines with possibility for a rapid expansion of the […]
Croatia’s M Plus Group said it has signed a 60 million euro investment agreement with the European Bank for Reconstruction and Development (EBRD). By signing the agreement, the EBRD will take over a 28.3% stake in the company M Plus Croatia, the company said in a statement. M Plus Croatia is a part of the […]
Spain and Serbian transmission system operator Elektromreza Srbije (EMS) signed an 600,000 euro donation agreement, the Serbian company said. The funds will be used for an energy transition study, EMS said. The study will be led by Deloitte Consulting SLU and through it the Serbian company will get to know the best European practice, which […]
Low-cost air carrier Wizzair will start operating flights from Skopje to Salzburg three times per week starting April 1 next year, MIA reported. Skopje – Salzburg is one of the four new routes for which the company signed a contract for subsidies with the government in North Macedonia. Wizzair started flights from Skopje to Ljubljana […]
Bulgarian government approved a draft memorandum of understanding between the Ministry of Innovation and Growth and the US-Intel Corporation for bilateral cooperation in the field of artificial intelligence (AI), Bulgarian news agency BTA reported. The document envisages the establishment of partnerships with Bulgaria’s government, academia, and industry stakeholders through the Intel® Digital Readiness programs, the […]
Croatian national air carrier Croatia Airlines said it has reduced the ticket prices by 30% on all flights sold between November 24 and November 30. The travel period for the booked tickets is for the period January 9 until March 31 next year, the company said on its website. The Black Friday promotion is valid […]
Serbian logistic company Milsped Group said has opened a new company in Romania. The company Milsped Romania S.R.L. is headquartered in the city of Timisoara, the company said in a statement. “This marks the introduction of a broad range of services to the Romanian transport and logistics market,” the statement added. Furthermore, Milsped Romania introduces […]
Romanian investment fund EVERGENT Investment reported a net profit of 136.4 (27.4 million euro) at the end of September, 34.5% increase compared to the end of September 2022. “In a period of increasing geo-political tensions and high risk aversion, our investments have been adapted to the economic context with high inflation and high interest rates,” […]