Emerson chooses Cluj for EUR 75 M investment

US Emerson company has selected a location on the Tetarom II Cluj-Napoca industrial Park as the site for a future electric engine factory, with an estimated investment of EUR 75 M. The President of the Cluj County Council, ... More


Gorenje set to expand to new markets

By the beginning of 2006 Gorenje will establish dealerships in Dubai and Lithuania, while 2007 will be the year of expansion to Russia, the chief executive of the household appliance maker, Franjo Bobinac, told. By the autumn ... More


Arctic estimates euro 100m in turnover in 2005

Refrigerator producer Arctic Gaesti, controlled by Turkey’s Arcelik group, estimates for this year a turnover of euro 100m, after the company revenues increased by 300 per cent over the past three years. Short-term ... More


Electroputere expects new bids

The state re-launches the privatization process at Craiova's electric engine manufacturer Electroputere for the fifth time in a bid to sell its 62.8 per cent stake in the company. Propsective bidders are expected to submit their ... More


“Siemens” interested in 7 business sectors

The implementation of the Memorandum for Cooperation between Macedonian government and "Siemens" company on infrastructure and industrial projects has officially started. "We have a mutual interest in seven business sectors, ... More