Gosa and Severstal sign contract

The Russian metallurgical multi-plant works Severstal and the plant Gosa FOM signed an EUR 11.7 million worth contract on delivery of the equipment for the reconstruction of a coke battery. The contract envisages that the whole ... More

Negotiations over Avioane Craiova takeover fail

Negotiations between Romania's Authority for State Assets Recovery (AVAS) and Aero Vodochody for the takeover of Romanian company Avioane Craiova have failed and AVAS will relaunch the plane maker privatization process quickly, a ... More

Croatian Gredelj signs contract with Federal Railways

Croatian TZV Gredelj has been selected in an international tender process by Zeljeznice Federacije (Federal Railways) as a partner on a project to repair and modernize four locomotives, worth HRK 30 million (about EUR 4.2 ... More

Three companies interested in Jat tehnika

So far three big companies have shown interest in the acquisition of Jat tehnika, said the general director of this company, Budimir Hinic. He did not specify which companies these were, but said he expected the number of ... More

Italian- Bosnian factory opens

The new factory for machinery parts for iron and steel works PMP Jelsingrad, once a state company, opened in the industrial zone of the town of Gradiska, Republika Srpska. The factory is a result of a joint investment of Bosnian ... More

22 Companies Bid for Four of Bulgaria's "Terem" Military Repair Factories

The eight factories of Bulgaria's state-owned military repair factories group Terem are to be privatized in two different packages. Photo by terem.bg The Bulgarian Defense Minister Nikolay Tsonev announced Friday in Parliament ... More

10 bidders for JAT Technical

A tender for the sale of 70% shares of JAT Technical was launched by the Serbian Privatization Agency, reports BETA news agency. The company, which maintains and repairs airplanes, has been separated from JAT Airways since 2005 ... More

Romanian AVAS Puts Off Avioane Craiova’s Sale Until May 20

Romanian privatization authority AVAS postponed again the deadline to submit the bids for the privatization of airplane maker Avioane Craiova from May 9 to May 20.The deadline was initially extended 22 days, from April 17 to May ... More

Petition to transfer Energoinvest-Comet’s capital to Federation

Federation’s Privatization Agency (APF) has filed a lawsuit, petitioning that the current owner of 67 per cent in Sarajevo-based Energoinvest-Comet be stricken from the court registry of companies, and that the stake be ... More

Austrian Kapsch plans office in Macedonia

Austrian company Kapsch, specialised in voice and data transfer in fixed and mobile telephony, plans to open offices in Macedonia, Slovenia and Belarus, in aim to expand its business activities in Southeast Europe, daily Vecer ... More

Zastava signs contract with Remington

The annex to the contract with "Remington" on the quantity and value of export in this year will be signed on February 18 in Kragujevac – said the acting director of "Zastava Arms", Rade Gromović, and added that they ... More

Ski equipment factory opened in Bitola

A factory producing ski equipment, which was built with French assistance, was opened yesterday in Bitola. The ceremony was attended by the Minister for Information Society Ivo Ivanovski and the French ambassador to Macedonia ... More

Emka co to invest 2 mln euro in new machinery

The management of Sevlievo-based cable maker Emka has approved an 11% increase in production for '08, the company said in a filing with the Bulgarian stock exchange. Over the next 2 years, investment spending - estimated at 2 mln ... More

"Krušik-namenska" signed "contract of the century" - 32m EUR

In total this-year export of arms and military equipment from Serbia to Iraq, the value of which is 235m USD, Valjevo-based holding company "Krušik" will participate by supplying mortar mines of the new generation worth 32m ... More

Serbian weapons exported mostly to Libya

At the same time, Serbia imported most weapons from BH (USD 8.93mn) and Belgium (1.19mn), followed by Check Republic, Austria and France (less than USD 1mn). In 2006, Serbia exported weapons worth USD 71.2mn in total although ... More

Bulgarian Intertrust Holding buys 3 Serbian businesses

Bulgarian holding company Intertrust has acquired three Serbian businesses, news agency SeeNews reported on Monday, December 3. The combined cost of the Serbian assets, acquired through a privatisation procedure, is just over ... More

Croatia To Buy 112m euro equipment from Finland

The Croatian government has agreed to buy 84 Finnish armoured vehicles in a deal valued at some EUR 112mn, the defence and aerospace group Patria said . The Patria armoured military vehicles, or AMVs, to be made in Finland and ... More

AVAS has finished negotiations with Al Arrab Company for Electroputere privatisation

The Authority for the Capitalization of the State Actives (AVAS) has finished negotiations with Al Arrab Company LTD, regarding the contract of privatisation involving the Electroputere Craiova Company, and the contract is due to ... More

Bulgaria's Euromarket Group to list 2 subsidiaries on local bourse

Euromarket Group, the local vendor of power tools and construction equipment, said it may list two of its subsidiaries on the Bulgarian stock exchange. The companies earmarked for public status will not be named before the ... More

General Electric takes over Turbomecanica stake in TMCP

Bucharest-based Turbomecanica company has sold General Electric its 50% stake in Turbomecanica Combustor Products (TMCP) joint venture, informs a release issued for Bucharest Stock Exchange (BVB).TMCP was recorded, in March 2002, ... More