Germans interested in parquet production

A German businessman, Johan Stulz, has said today that he is interested in production of parquet in Pljevlja and sale of the product to the foreign market. "I want to produce parquet and later on, windows and doors. We plan ... More


Stratus Max To Produce Furniture

Plywood producer Stratus Mex in Suceava, part of the Mobexpert group, will cease their activity as their production cannot compete with the low price of the Asia imported products. The group wants to focus on the furniture ... More


Swiss Partner Pulls Out of Paloma Horgen

Swiss paper company Papierfabrik Horgen has pulled out of Paloma Horgen, a joint venture with Slovenian pulp and paper mill Paloma, but the two companies will continue with their business cooperation. The Swiss partner has ... More


Pehart Tec Invests EUR 8 Million In Upgrades

Pehart Tec invested EUR 8 million for upgrading a production capacity in their Alba paper plant. This sum was contracted from BCR. Pehart produces hygienic paper. Exports represent 40-45 percent of the total. The company is part ... More


$25 Million Turkish Investment In Prolemn Reghin

Turkish Industry Minister, Ali Coskun and Turkish Ambassador to Romania, Ahmet Rifat Okcun, took part in the inauguration of a $25 million investment in the Prolemn plant, which belongs to a Turkish investor. The investment is ... More


Staer International Galati Estimates EUR 40 Million In Turnover For 2006

Furniture producer Staer International Galati estimates a turnover of EUR 40 million in turnover for this year, a 70 percent increase compared to the EUR 23.5 million in 2005. Today, the Staer network includes 39 units in 26 ... More


Hungaria's Printing Company Expands Business in Bulgaria

Hungary's state printing company Allami Nyomda is planning to expand the services it offers on Bulgaria's market, it appeared Wednesday. The company would offer different printing options for different companies ID cards, ... More


Paper Mill Vipap Concludes Modernisation

Slovenian paper mill Vipap Videm Krsko concluded the EUR 4m second phase of upgrading its production line, bringing to a close its 1998 plan to modernise its production, Vipap CEO Oldrich Kettner said in Krsko on Friday, 19 May. ... More


Bulgaria's Furniture Industry Lacks Timber

Bulgaria is experiencing a serious lack of timber for the furniture industry, Agriculture and Forestry minister Nihat Kabil said Friday. There are about 4680 companies in Bulgaria that produce furniture and their demand for ... More


Kika acquires lots in Rijeka, Split

Austrian home furniture trade chain Kika opened in Zagreb its first trade centre in Croatia, announcing at the same time opening of two more department stores – in Split and Rijeka. Kika PR Manager Martina Frieser said that ... More


First store in Romania of Swedish group Ikea

The first store in Romania of Swedish group Ikea - big furnoiture producer and distributor - will open in Baneasa area /northern Bucharest/, in the spring of 2007. "This will be the first Ikea store in the Balkans," confirms ... More


Furniture maker Simpo up for sale

Vranje-based furniture producer Simpo will be sold in a tender, the company and the Privatization Agency have confirmed. With Simpo majority owned by private small stockholders, only the state’s minority stake, of 40%, will ... More


German furniture retailer Plus eyes Bulgarian market

German discount furniture retailer Plus, part of Tengelmann Group, is mulling the launch of a Bulgarian business as part of its strategy for expansion into Eastern and South-eastern Europe, Plus spokesperson Nicole Dinter ... More


State-run Funds to Sell Their Share in Lip Bled

The largest owners of Lip Bled, state-run funds KAD and SOD, have announced their plan to sell their 33% stake in Slovenia's biggest exporter in the timber industry. All potential buyers are invited to send offers by 8 April. ... More


Jules-Verne Imobiliare To Build EUR 10 Million Block In Bucharest

Jules-Verne Imobiliare will build a block in the center of Bucharest, with investments of EUR 10 million. The works will start in the spring of 2006 and they are estimated to be finalized for the end of next year. The building ... More


EUR 85 Million In Turnover For Schweighofer Sebes In 2005

Timber producer Holzindustrie Schweighofer Sebes saw EUR 85 million in turnover last year, 15 percent below estimations. This was caused by the wood's depreciation compared to the national currency, to the employees' strike as ... More


Mobexpert To Invest EUR 27 Million In Own Stores

Mobexpert will invest EUR 27 million in finalizing an interior decorations mall in Baneasa, to build two more in Ploiesti and Constanta and to open a hypermarket in Sofia, Bulgaria. The company has three hypermarkets in ... More


Egger could receive facilities for factory in Suceava

Following the request coming from the Austrian company Egger, which intends to build a particleboard factory worth EUR 210 M in Suceava, to receive facilities from the Romanian authorities, Ministry of Public Finances (MFP) has ... More


Simovic: Concession fees on forest use must be cut

Concession fees on use of forests must be cut, in order to respond to requests and needs of concessionaires and wood processing industry of Montenegro, Milutin Simovic, the Minister of Agriculture of Montenegro has said today, ... More


Austria's Mayr-Melnhof eyes Bulgarian factory for cigarette packaging

Austria's Mayr-Melnhof Karton AG, the world leader in recycled fiber based cartonboard, is interested in acquiring J.Gagarin BT, a unit of tobacco monopoly Bulgartabac that produces cigarette packaging. The intentions of the ... More