Pyrforos, the Eco-friendly Car Inspired by Greek Mythology

Pyrforos, designed by a group of Greek students of Electrical and Computer Engineering School in the National Technical University of Athens - the Prometheus Team – is an experimental electric car, with extremely low energy ... More


Ammunition from Konjic is being sold Worldwide

The specific type of production was recognized at the world market, so the economy giant from Konjic sends pistol ammunition, among others, to the market of Saudi Arabia, Turkey and USA. The president of the Trade Union ... More


Vucic opens jet engine parts plant in Ada

Serbian Prime Minister Aleksandar Vucic, Vojvodina Assembly Speaker Istvan Pastor and Israeli Ambassador to Serbia Yossef Levy on Tuesday opened a new plant at the Precision Casting Foundry in Ada that will manufacture jet ... More


France's Conquest group opens plant in Novi Sad

France's Conquest group has opened a plant for manufacturing, sales and servicing of public utility equipment in the Novi Sad Free Customs Zone. Conquest SRB Ltd. CEO Bojan Cimbal said on Tuesday that the opening of the plant ... More


Company Igman Konjic Allocated One Million BAM for Establihsing Employment Status

company Igman d.d. Konjic paid the Department of PIO one million BAM and has employment status for around 660 of its employees, and so now every employee in this company has an employment status, and all obligations to the state ... More


First 5m euro investment in TIRZ Tetovo

The Italian company Itec, which manufactures composite materials, is expected to start constructing a new facility in the industrial zone (TIRZ) located in Tetovo. This investment, worth 5 million euros, is expected to create 150 ... More


Memorandum of Understanding Between FB&H Government and American Producers of Weapons “Howell Machine” Signed

Memorandum of understanding and strategic partnership between FB&H Government and American Company “Howell Machine, Inc” in the field of production, development and trade of weapons and military equipment was signed ... More


Serbia will produce missiles for UAE

Serbia will produce highly sophisticated missiles for the United Arab Emirates (UAE), Serbia's First Deputy Prime Minister and Defense Minister Aleksandar Vucic said on Saturday after a meeting with Crown Prince and Head of State ... More


Zastava Arms show exports record

Serbian firearms manufacturer Zastava Arms will end the year with a record export performance in the last two decades, Rade Gromovic, the joint stock company's director, said Friday. Over the first nine months of this year, ... More


Bulgaria to start privatization of Largest Military Plant July 10

The privatization process for VMZ Sopot, Bulgaria's largest defense industry plant, is to be launched Tuesday, according to Energy and Economy Minister Delyan Dobrev. In a Thursday interview, he stressed that the state could ... More


Antitank system Bumbar new export chance

Minister of Defence Dragan Sutanovac expressed his hope that the light antitank system Bumbar (bumblebee) will be a new export chance and that during the summer it will start to be used in the Serbian Army. After visiting the ... More


€20m for Military-Technical Institute in 2012

Minister of Defence Dragan Sutanovac today stated that the Military-Technical Institute (VTI) is the brains and the heart of Serbia’s defence industry and of the Serbian Army’s defence capabilities. During a visit to ... More


Export of Serbian – made armament on increase

Serbian Defence Minister Dragan Sutanovac has stated that the Serbian defence industry has signed over USD 1 billion worth of contracts for jobs abroad, and announced the conquest of new markets in Angola, Gabon and Congo, as ... More


TZV Gredelj opens new factory in Zagreb

Gredelj, a company that produces train carriages, part of the Croatian state-run railway group, inaugurated a new factory in Vukmerec in Zagreb. The construction of the 40,000 square-metre facility required an 89-million euro ... More


Balkan to shed 10% jobs

Bulgaria’s Lovech-based bike maker Balkan will slim down its workforce by making 10 percent of them redundant, te company said. The decision was taken at a board meeting on Thursday and will be effective from February. The ... More


Romania's first rocket launched into space in October

The Romanian Aeronautics and Cosmonautics Association (ARCA) will launch in October from a Black Sea platform the country's first space rocket dubbed Helen, in what is the final rehearsal for a 30 million dollar astronautic ... More


Iraqi delegation visits Serbia for planes

An Iraqi military delegation visited Serbia to negotiate the takeover of 19 Russian fighter planes sent by the former Iraqi regime to former Yugoslavia for repair, it was stated on Aug. 29 by Iraqi Foreign Affairs Ministry ... More


Long history great future for “Milan Blagojevic – Namenska” factory in Lucani

On occasion of 60 years celebration of “Milan Blagojevic – Namenska” defense factory in Lucani, Minister of Defence Dragan Sutanovac, addressing the present audience at the ceremonial academy, emphasized that ... More


Ermak Company to open factory in BiH

Representatives from Ermak company from Turkey visited FIPA, during three weeks visit to BiH, to explore investment opportunities in BiH. Ermak is an Turkish company which since 1965 produce machinery for concrete blocks. They ... More


Hellenic Aerospace signs MoC with Russia's Irkut over BE-200

Prospects of greater cooperation between Russia and Greece in the hi-tech sector were highlighted on Tuesday with the signing of MoC between the e Hellenic Aerospace Industry (HAI) and Irkut Corp., a leading Russian aviation ... More