Contract between Siemens Romania and RADET Constanta

Following a bids that was organized to upgrade 127 units in Constanta, Siemens SRL Romania will install automation equipment, following a EUR 3.8 million contract with the Heat Distribution Association (RADET). Siemens will ... More

Romanian electronics retailer Domo opens first outlet in Bulgaria

Romanian electronics and home appliances retailer Domo has opened its first store in Bulgaria. The 500 sq m outlet is located within the Kaufland hypermarket in Plovdiv, Bulgaria's second biggest city. Nikolai Alexandrov, ... More

Siemens outsourcing in Blagoevgrad

Germany's Siemens announced it will convert the disused semi-conductor plant in Blagoevgrad, in South-western Bulgaria, into a production facility for high-voltage components.Georg Antesberger, member of the Siemens Austria ... More

SIEMENS to launch production in Bulgaria

Siemens will start highly technological production in Bulgaria. Company managers presented today some of the projects to Economy Minister Roumen Petkov. The Siemens plant will be located in Botevgrad, the Bulgarian National ... More

Novkabel privatization

Tender for privatization of Novi Sad's Novkabel will be published after the formed agreement with the largest trusty of this company, Novi Sad's bank, a member of Erste group, as announced by the minister for commerce Predrag ... More

A-TEC Industries interested in taking over Electroputere

The Austrian company A-TEC Industries is interested in taking over Electroputere, under certain conditions, related to the settlement of the debt worth EUR 30 M which this company has to the state budget, working below its normal ... More

Japan Grants 2 Awards to Turkish Arcelik

The Japanese Institute of Plant Maintenance (JIPM) has awarded the production facilities of Arcelik, a leading white goods manufacturer in Turkey, in Ankara and Cerkezkoy the category of large scale companies. Arcelik plants ... More

Draka discussing acquisition of Romcab with Paneuro

The Dutch Draka Group, one of the world’s largest cable manufacturers, is having discussions for the acquisition of the Romcab Targu Mures business from its majority shareholder, the Paneuro Group, sources from the market ... More

Gorenje starts construction of big factory in Valjevo.

Gorenje will not move the location of the new factory of household appliances to Čačak or Kraljevo and that it will build it in Valjevo. The works will start on March 1 and the completion of works is expected on ... More

Electroputere Craiova privatisation, again postponed

The privatisation strategy for SC Electroputere Craiova will be modified, the Government decided in its meeting yesterday. The Executive decided to withdraw the sale offer involving the stock held by the Authority for State Asset ... More

JOHNSON CONTROLS INC. satisfied with Buckosvski’s meeting, final decision in three weeks.

PM Vlado Buckovski Thursday met the officials of Johnson Controls, Inc due to company's interest to invest in Europe in production of electrical equipment. Beda Bolzenius, Executive Vice President and General Manager for ... More

Siemens plans new investment in Bulgaria

German concern Siemens intends to make new investments in Bulgaria, it transpired after energy minister Rumen Ovcharov met with Uriel Sharef, member of the company's managing board, in Munich. More details will be available ... More

Foundry Radijator posts EUR 6 million in 2005 exports

Zrenjanin-based foundry Radijator exported 9,400 tons of goods worth some EUR 6 million in 2005, up 33% year-on-year, Politika reported. On the other hand, the company sold 2,200 tons of products on the SCG market last year, down ... More

Electroputere's major stake is put on sale

The State Assets Realization Authority (AVAS) put on sale 62.8 percent (78,009,632 shares) of Electroputere Craiova's social capital, according to a release . Following the announcement, one foreign and three Romanian companies ... More

New takeovers by "Gorenje" next year

Slovenian manufacturer of household appliances "Gorenje" plans to start search for companies – potential takeover targets in 2006 - said the president of this group Franjo Bobinac. He also announced that "Gorenje" would ... More

Shopping mall by Technolux in Pleven

Technolux, the local white goods and consumer electronics retailer, said it will build a shopping centre in Pleven, Northern Bulgaria. The cost of the 2-year project is seen at 40 mln levs. The company said it has bought a 25,000 ... More

6 new Zora outlets

Local electrical appliances and consumer electronics retailer Zora plans to invest 15 million leva in the opening of six new stores in 2006, the company said. Zora, the Bulgarian electronics and white goods retailer, has ... More

Expansion in SEE by “Elektroniki Athinon”

The company after market research that had been conducted in SEE in its behalf decided to expand in Serbia . The new company, Megastores Electronica, will open its first shop in 2006. In addition it will expand its presence in ... More

Japanese firm seeking location for cable factory

Executives from Japan's Yazaki have met with representatives of the Yambol municipality to discuss the opportunities for the construction of a cable factory in the city. The project, worth between 40 and 80 mln euro, requires a ... More

Romania is considered as "Europe's China"

Romania stirred a booming interest, now being often called "Europe's China", said Director General of Siemens in Romania Adrian Baicusi stating that after Russia, Romania is viewed as the second most important development point ... More