GE takes over Turbomecanica joint venture

General Electric (GE) has become the single stockholder in the company Turbomecanica Combustor Products (TMCP), a manufacturer of exhaustion chambers for aircraft engines, taking over 50 per cent of the stock held by ... More


IDEF industry fair opens today

The Eighth International Defense Industry Fair (IDEF 07), organized by the Turkish Armed Forces Foundation, opens today in Ankara under the auspices of the Ministry of National Defence. Running until May 25, the fair will host ... More


Foradex Bucuresti for privatisation

AVAS got for privatisation a package of 84.34% of the Foradex Bucuresti company, a press release of the AVAS informs. The company will be privatized through negotiation on the basis of final bid, improved and irrevocable. ... More


Bulgarian engine maker Vamo shuts down on weak orders

Vamo, the Varna-based manufacturer of diesel and gas engines, will wind up operation due to a sharp decline in orders for its products and underutilisation of its production capacity, the company said in a filing with the ... More


Hydraulic cylinders maker HES aims for larger free float

Stara Planina Hold, the majority owner of Yambol-based company Hydraulic Elements and Systems (HES), may pass on the shares from the upcoming capital raise to which it is entitled, said Nikolai Mitankin, the investor relations ... More


Only Russian investors interested in enterprise "Majevica holding"

The bid for procurement of enterprise "Majevica holding" from Bačka Palanka on the tender has been delivered only by Russian company "Zao tehnika servis" from Voronjež. The Privatization Agency of Serbia will ... More


AVAS puts assets of Nicolina SA up for sale

The State Assets Realisation Authority (AVAS) has put up for sale a construction equipment factory and a workshop for battering equipment owned by Nicolina SA company.According to the legal provisions in force, the asset selling ... More


Tender announced for sale of Prva Petoletka

The Serbian Privatization Agency has announced the call for tenders for the sale of the Prva Petoletka holding company from Trstenik, reports BETA news agency. The entire property of the holding is on sale, and it includes eight ... More


Tender announced for sale of Prva Petoletka

The Serbian Privatization Agency has announced the call for tenders for the sale of the Prva Petoletka holding company from Trstenik, reports BETA news agency. The entire property of the holding is on sale, and it includes eight ... More


Austria's Palfinger to spend 4 mln euro on retooling of Bulgarian plant

Palfinger, the Austrian manufacturer of lifting, loading and handling systems, said it will spend 4 mln euro to overhaul production operations at its plant in Cherven Bryag, Northern Bulgaria. The bulk of the resource is ... More


Technology products dominate exports

Trade involving technology products accounts for an important share of the total exchanges. The product group with the best performance was that of mechanic machines and devices, both in imports and exports. In highest demand are ... More


Israeli Company To Invest in Plane Parts Factory in Bulgaria

Israeli company Tat Technologies are thinking of investing in a plant in Bulgaria to manufacture parts for military and civil planes. Representatives of Yambol municipality have told the media that the company's President Dov ... More


Turkey New Base for Spanish Kitchen Giant

Fagor, the Spanish industrial kitchen giant, is preparing plans to construct its second 10-million-euro plant in Gebze, near Istanbul, in early January. This is part of a strategy to expand their market across Russia, Central ... More


Russian companies show interest in Serbia

Russian companies have recently been showing great interest in buying Serbian corporations. According to reports, various Russian companies have their eyes on RTB Bor, Serbian Oil (NIS), Trstenik-based Prva Petoletka and gas ... More


Sparky AD to invest in machine components factory

Sparky AD, the German-owned manufacturer of forklift and off-road trucks, has told the Ruse municipality it would like to purchase 10.6 ha in the local industrial park for the construction of a factory for machine parts, said ... More


Ex defence co to manufacture construction machine

Beta Industry Corporation, the Cherven Bryag-based former defence company, said it will begin the production of a wheeled multi-purpose machine in partnership with Italy's Tesmec. The Italian company will supply the cab, ... More


Bulgarian businessman buys Serbian maker of forged products

Valentin Zahariev, former CEO of Sofia-based steel mill Kremikovtzi, said he has acquired the Zastava-Kovacnica plant in Kragujevac, Serbia. Zastava Kovacnica manufactures forged products for the auto and defence ... More


Verder Romania Opens EUR 4 Million Showroom

The local branch of the Dutch Verder group will construct a showroom in Bucharest, with an investment of EUR 4 million, according to Mediafax. The unit will have 1,000 sqm in surface and it will sell plastic installation and ... More


Tractorul trade unionists call huge meeting in Brasov

The increasingly uncertain fate of agricultural equipment manufacturer Tractorul Brasov appears to flare up those involved in breathing new life into the company. While in Bucharest yesterday, when they meet with Premier Calin ... More


Romaero Prepares For Privatization

Romania's ministry of economy is preparing the 72.9 percent owned at Romaero aerospace company for privatization. Romaero produces specialized parts and provides maintenance to aircraft. Saab Aerostructures and Israel Aircraft ... More