First investment subvention

The Serbian Government has approved the first nonrefundable funds for direct investments from the NIP. Six million euros was given to the British Alena company from the National Investment Plan’s funds. Serbian ... More

Turkish "Bosa" has chosen Serbia

The President of the Union of textile, clothing, leather and footware manufacturers and the owner of "Modus" company, Milan Knezevic, said today (October, 13th, 2006) in the interview to "Ekapija" that the biggest investment up ... More

Textile companies to be privatized

Economy Minister Predrag Bubalo said that Serbia’s largest textile companies will be privatized soon. Bubalo said that the state-owned capital in all of the textile companies will be sold be the end of the year, adding ... More

Turkish Exporters Head to Japan

Having almost doubled its foreign trade in three years, Turkey continues its economic expansion. Focusing on undeveloped markets such as Africa, the United States and China, with a strategy to search for new markets, ... More

MiroRadici takes over Steilmann

Textile company Steilmann Bukarest has been purchased by the German company Miro Radici following an international transaction. The value of the transaction was not revealed. Steilmann Bukarest had EUR 30 million in turnover in ... More

Bianca and Alena textile house builds factory in Vranje

The Serbian Investment and Export Promotion Agency (SIEPA) stated that the managing board of Jumco holding company from Vranje decided yesterday that English textile house Bianca and Alena can buy and rent this company's ... More

Clothing sector resists in Greece

The Greek clothing manufacturing industry has resisted the combined pressures it suffered in 2005, according to a survey by the Hellenic Fashion Industry Association (SEPEE) based on the financial reports of 200 companies. Last ... More

Sintelon AD" and Swiss company "Enia AG" joined forces

The representatives of company "Sintelon AD" from Bačka Palanka and Swiss company "Enia AG" have signed the contract on founding of joint venture "Enia Eastern Europe", which will deal with the production of wall-to-wall ... More

CONBIPEL in Turkish market

Italian fashion group Conbipel belonging to Cocconato d'Asti has opened its first store in Istanbul's Kanyon trade centre and has plans to open another 20 in the country. The opening of the shop is a result of Conbipel's close ... More

GOLDEN LADY in Derventa

Italian women's hosiery producer Golden Lady yesterday sealed a 780,000 euro deal to buy the textile factory in the Bosnian town of Derventa. The Italian company will make hosiery for the Bosnian market from the factory. Golden ... More

Mondex Sibiu To Invest EUR 3 Million In Production And Expansion

Textiles producer Mondex Sibiu will invest nearly EUR 3 million this year for expanding their production capacity and their stores network. The amount will be raised from a bank loan and from a share capital increase by some EUR ... More

Street sales of textiles hurting producers and State

The state loses billions of euros by allowing the tax-free sale of clothes on the streets and open-air markets. Domestic textile producers who are paying taxes to legally sell their products are losing greatly because of this. ... More

Italian company "Benetton" to enter in Department store "Beograd"

Company "Benetton" is interested in procurement of Department Store "Beograd". Two months ago, the letter of intent of that multinational was delivered to the Government of Serbia, according to which "Benetton" obliged to buy ... More

Restructuring a condition for survival

The precondition for survival of textile companies in Montenegro is restructuring, new management, production and labour force of better quality, since their return to the EU market can hardly be expected with current ... More

Mabetex of the Pacolli family wants to buy Yumco from Serbia

The “Mabetex” company of the Pacolli family is revealed as the “anonymous” bidder which tried to buy the “Yumco” enterprise through a privatisation scheme in Serbia for €4.1 million, ... More

Company "Golden Lady" from Italy starts construction of socks factory in Loznica

Italian company "Golden Lady", which deals with the production of socks, women's and men's underwear, will have the factory built in Loznica by the end of the year 2006 - the Mayor of Loznica, Vidoje Petrović, ... More

New tailoring factory opens in Pleven

Pleven-based tailoring company Dimitrov OOD has launched a 10 mln lev men's wear factory in the city's industrial zone. The new factory, built to comply with the order requirements of Dimitrov's partners Calvin Klein, Cerutti and ... More

Bulgaria certifies local investment of Italian textile group Miroglio

The latest investment scheme of Miroglio Bulgaria has earned the Italian-owned textiles and garments company a First Class Investor Certificate from the InvestBulgaria Agency. The recognition, bestowed on investment projects ... More

Froteks goes bankrupt

Uzice-based producer of cotton fabrics and towels Froteks has gone bankrupt after unsuccessful reorganisation, while complete company's property was offered for sale, while collected proceeds would be used for settling ... More

Bulgarian silk producers to get $37 mln loan

Bulgaria's Textile Cluster Bulgarian Silk will sign a $37 million loan deal this month probably with a swiss bank, to fund building and restoring silkworm and silk production facilities, as a step towards reviving the industry. ... More