Category: Companies & Ventures

Slovenian business conglomerate Mercator has opened a new retail shop in the city of Visoko in the Federation of Bosnia and Herzegovina, Bosnia’s daily Dnevni Avaz reported. The new 650 square metres store opened jobs for 22, Dnevni Avaz reported. The conglomerate is the parent company of Mercator Group, one of the largest corporate groups […]

US-Bulgarian cloud storage startup LucidLink has raised $75 million in Series C funding,The Recursive reported. This has been the biggest funding round for Bulgaria in 2023 and one of the largest rounds in Central and Eastern Europe, the Recursive added. “With this Series C investment, LucidLink will accelerate its most ambitious product updates in the […]

Athens International Airport posted a net profit of 188.6 million euro in the first nine months of 2023, local newspaper Kathimerini reported. According to the company’s financial results, the turnover increased by 29.8% in the January-September period to 463.6 million euro, while the EBITDA increased by 29.3%, to 322 million euro, the newspaper said. The […]

Bulgarian unit of German retailer Billa will invest 68 million BGN (34.7 million euro) in opening of 12 new shops and in reconstruction of 11 existing stores in 2024, Bulgarian weekly newspaper Kapital reported. Billa Bulgaria will also invest 3.0 million BGN (1.5 million) in photovoltaic installations at the roofs of five of the company’s […]

Romanian Underline Ventures has closed their first fund at $20 million, tech-focused portal The Recursive reported. The fund was raised fully with private money amid the investment slowdown,  and it has already finalized seven investments in Romania, Croatia, Serbia, and the broader Eastern European diaspora, The Recursive quoted Bogdan Iordache, General Partner at Underline Ventures. […]

Investment company Accolade has obtained a building permit to build its first industrial building of around 50,000 sqm in the north of the Croatian capital of Zagreb, real-estate web portal Property Forum reported. This is a country with great potential, which this year became part of the eurozone and the Schengen area. In addition, Croatia […]

Slovenian insurer Sava posted a net profit of 36.5 million euro in the first nine months of 2023, 4.5% more than in the same period a year ago, the company’s non-audited financial results showed. In the summer of 2023, Slovenia and the wider region were hit by a wave of storms and floods with a […]

Serbian unit of Germany’s tech conglomerate Siemens said that digitalization is a pre-condition for successful business in Serbia. It should not be seen as an investment or an expense, but as the only way to catch up with the technological development of the global economy, it was said at a conference organized by Siemens Serbia. […]

Retailer Lidl Hellas said it will invest 120 million euro in Greece in the next three years, Greece’s daily newspaper Kathimerini said. The investment program includes opening of new stores and warehouses, the newspaper quoted Lidl Hellas’ CEO Martin Brandenburger. Lidl Hellas added value to Greece’s economy was 953 million euro in 2022, which equals […]

Business event Global Entrepreneurship Week is currently taking place in North Macedonia’s capital of Skopje, the event organiser Startup Macedonia said. Startup Macedonia association is organising the event with 50 partners, the association said. “During the event, you will have opportunity to discover the latest trends and opportunities for developing of innovative businesses in the […]