Category: Companies & Ventures

The Europen Investment Bank (EIB) signed 25 million euro loan agreement with Romanian pharmaceutical maker Antibiotice. “The 25 million euro loan agreement will help finance the construction of a state-of-the-art production, packaging, and storage unit at Antibiotice’s Iasi site, facilitating development of new production lines, digitalization, research and development capacities,” EIB said in a statement. […]

The digital industry in North Macedonia is increasing by almost 30% annually, state news agency MIA quoted sources from the country’s Economy Chamber for Information Technologies. The salaries in the IT sector almost at the EU’s level, the chamber’s assembly president was quoted. (Image: Pixabay)  

DHL Express Bulgaria has opened a new service center in the country’s capital, local newspaper Dnevnik said on its portal. The DHL Express Bulgaria fleet includes more than 130 different vehicles of all capacities, including a Boeing 757 cargo plane and currently is delivering over two million shipments per year, the newspaper said. (Image: Pixabay)

North Macedonia’s textile company Teteks AD Tetovo said its January-September non-audited net profit increased 34% to 23.9 million MKD (388,400 euro). The company’s revenues doubled to 63.8 million MKD (1.03 million euro), the company said in its financial statement for the reported period. Teteks AD Tetovo, founded in 1951, has a retail network of 50 […]

The Competition Commission has granted its approval to Greece’s Intrakat Group to acquire Aktor, the construction arm of ELLAKTOR Group, Greece’s daily newspaper Kathimerini reported. “The acquisition of all the shares of Aktor has been approved by the Competition Commission, thus putting the Intrakat Group’s vision of creating a strong pillar in construction in Southeast […]

Pizza Hut will open its first restaurant in Zagreb, daily newspaper Vecernji List reported on its web portal. Fast food restaurant chains McDonald’s, Burger King, KFC and Domino’s are already present on the Croatian market. Franchise owner Kraljevi Restorani said that besides Zagreb, Pizza Hut will open restaurant in the city of Split, Vecernji added […]

Bulgaria’s 70 biggest machine and machinery equipment makers end 2022 with combined revenue of over 15 million BGN, (7.7 billion euro), 26.3% up from a year earlier, local newspaper Kapital said in its 2023 edition of K100 Biggest companies. The overall top 100 companies in the country report 27% profit increase to up to 8.0 […]

Pharmaceutical company Pharmathen has recently acquired Greek peptide material supplier CBL Patas, the daily newspaper Kathimerini reported. According to Business daily, the deal is worth 80 million euro. (Image: Pixabay)  

Bosnian retailer YimoR will soon open 20 million BAM (10.2 million euro) worth ice cream factory, business portal Biznisinfo.ba reported. The new factory will open 100 new jobs, the portal said. YimoR is currently employing 779. (Image: Pixabay)    

UK-based house appliances retailer Currys has sold its Greek counterpart Kotsovolos for 200 million euro, Greece’s daily newspaper Kathimerini reported. The buyer is Public Power Corporation S.A. (PPC), Greece’s largest electrical power company. Kotsovolos is currently operating 92 stores in Greece and Cyprus.