Monbat eyes Balkan region for acquisition targets

Monbat, the Bulgarian manufacturer of car batteries, said it is looking to acquire production assets in the Balkan region. The company is interested in the purchase of production facilities as it is facing capacity shortages, ... More

Egyptian Group buys Iskraemeco for EUR 37.6 mln

Two subsidiaries of the Egyptian El Sewedy Group have paid EUR 37.6m for a 97.6% stake of Iskraemeco, the Kranj-based maker of electric meters, just a day after signing the contract on the first ever Egyptian investment in ... More

Gorenje opens new plant in Maribor

Gorenje CEO Franjo Bobinac, who performed the ribbon-cutting along with Mayor of Maribor Franc Kangler, said the new plant 'created opportunities for expansion of business and the range of high quality household products', ... More

Romania's Top Appliances Retailer Renews Interest in Bulgaria

Romania's top retailer of household appliances, Altex, has renewed its interest in the Bulgarian market and plans to open its first store in the country next year, company CEO Dan Ostahie said. Altex, which has a market share ... More

AVAS defers deadlines in Electroputere, IAR privatisation

The Authority for State Asset Resolution (AVAS) extended by 30 days the invitations to tender for the stakes held in Electroputere Craiova and IAR Ghimbav, to September 18 and September 21 respectively, Mediafax informs. For ... More

“Gorenje" offers new issue of stocks worth 54.9m EUR

Slovenian company "Gorenje" announced that it would offer new issue of stocks worth 54.9m EUR to the existing stockholders the following month. This issue will consist of total of 1.83m new stocks whose individual value is 30 ... More

Home appliances maker Eldominvest opens new production area

Eldominvest, the Varna-based manufacturer of electric water heaters, said it will add 4,000 sq m of new production floor area to its 2 manufacturing units in Varna by the end of 2007. The capacity boost and the purchase of a ... More

Schneider Electric opens Plovdiv area breakers factory

French electrical equipment maker Schneider Electric said it will inaugurate later this week an automatic breakers factory in the Plovdiv area. The company invested 6 mln euro in the factory in the village of Radinovo which ... More

Equest Investments Balkans announces 2 acquisitions

Equest Investments Balkans (EIB), a specialist investment company focused on retail and financial services, infrastructure and property development in South Eastern Europe, has made two new acquisitions in the electronics retail ... More

GE eyes on high-tech production in Turkey

General Electric (GE) wants to produce high-technology products such as health care equipment in Turkey. GE International President Ferdinando Beccalli-Falco, in a speech at the second informal "GE Day" investor meeting of ... More

Demirdöküm starts producing fuel cells

Demirdöküm, a privately run heating and cooling device producer, has begun to manufacture bipolar plates to be used in batteries that will produce heat and electricity from hydrogen. According to a statement issued ... More

Bulgarian cable maker Emka adopts new investment program

The management of Sevlievo-based Emka said it has approved the cable producer's investment program through the end of 2008. The program, financed on credit and own funds, is worth 2 mln euro and will focus on the replacement ... More

Monbat enters SOFIX

Monbat, the nation's biggest producer of car batteries, Mon officially becomes a component of SOFIX, the index of the Bulgarian stock exchange that tracks the performance of the corporations with the biggest market cap. The ... More

Romanian electronics retailer Domo to add stores in Bulgaria

Domo Retail, Romania's second largest electronics and home appliances retailer in terms of sales, will invest some 6 mln euro in developing its retail networks in Romania and Bulgaria this year, the English-language edition ... More

Tehnomarket and Teknosa, interested in entering the Romanian market

The representatives of the two companies intend to enter as soon as possible the electronic market, being expected to reveal their entry strategy in early February. Tehnomarket and Teknosa are two of the players from the Western ... More

Turkish company wins supplier of the year award in UK

Beko PLC, a member of the Koc Holdings, won supplier of the year award from the Combined Independent Holdings Ltd. (CIH), the British member of Euronics, the largest electrical buying group in Europe. Euronics provides the ... More

British Electronics Giant Looks to Invest in Turkey

Turkey’s its rapidly growing economy and its important steps toward EU membership is making it a favorite for foreign investment. Darty, a distributor of electrical goods and part of the Kesa Electrical Group, will open ... More

Arcelik's China Investment Reaches Final Step

Turkish firms are looking for more investment opportunities in China. Aka Gunduz Ozdemir, the general manager of Arcelik flagship of Koc Holdings, said they were holding talks with an international competitor on entering the ... More

Rolls-Royce to supply turbines for Bulgarian power project

Britain's Rolls-Royce will supply gas turbines for the co-generation power project of Bulgaria's Polimeri, a chemical company, and paper mill Kostenez-HHI. The generators for the project will be supplied by another British ... More

Bulgarian battery maker Monbat raises 32 mln levs in IPO

Monbat, Bulgaria's biggest producer of car batteries, raised 32.67 mln levs in an initial public offering of 24% of its share capital, the lead manager of the issue, Elana Trading, said on Friday. The company, majority ... More