Hella Opens plant in Romania

Hella KGaA Hueck & Co., a tier one supplier of automotive lighting and electronic equipment, has opened a $12-million electronics factory in Timisoara, Romania. Hella Electronics Romania S.R.L. will manufacture electronic ... More

SIEMENS Croatia makes arrangements in Romania

Siemens Industrial Solutions and Services has signed a contract with the leading Romanian oil company Petra, for the reconstruction of a complete power sector and automation of the Peskarus oil platform in the Black Sea, worth ... More

Belgian semiconductor maker opens testing facility in Sofia

Melexis, a leading Belgian manufacturer of automotive semiconductor ICs, Wednesday inaugurated its new testing facility in Sofia. 'The continuous strong growth of the company and the increasingly demanding IC requirements ... More

Bulgaria electronics retailers, importers undecided on waste equipment

The Bulgarian consumer electronics and white goods retailers and producers are yet to decide on a course of action just 3 days ahead of the introduction of an eco charge for the recycling of waste electrical and electronic ... More

Belgium's Melexis to raise investment in Bulgarian unit

Belgian semiconductor maker Melexis has raised planned investment for its Bulgarian unit to over 30 mln euro from 22 mln euro, because the Sofia plant is seen as the motor of future growth for the entire group, a senior ... More

French-Greek Co’s to install shoreline radars

The consortium of France's Sofrelog and Greece's Marac Electronics will install 7 radars along the Bulgarian Black Sea coast by Sept '07. The contract is part of the second phase of the deployment of the border-to-border vessel ... More

Televic Bulgaria to build factory near Plovdiv

Televic Bulgaria, a unit of the Belgian producer of products and solutions for the audio, multimedia and communication markets, said it has started the construction of a new factory for electronic equipment in the village of ... More

JVC sales reported at 30 mln levs in '05

Sales of JVC consumer electronic products in Bulgaria rose 10-12% to 30 mln levs in '05, said Bozhidar Kolev, manager of JVC distributor Videolux. JVC s the top-selling digital camcorder brand at the Technopolis appliance and ... More

Germanos opens 4 new outlets in Sofia

Germanos Bulgaria, the Greek-owned phone accessories retailer, opened 4 new outlets in Sofia, bringing the overall number of units in its local network to 77. Two of the new stores are located in City Center Sofia and the Mall of ... More

Johnson Controls investment in FYR Macedonia

The Macedonian government and representatives of the US company, Johnson Controls, signed a memorandum for co-operation and investment earlier this month, allowing the corporation to begin building a plant at the Bunardzik free ... More

Falcon Electronics Estimates USD 8 Million In Turnover

Falcon Electronics estimates a turnover of USD 8 million this year, compared to the USD 7 million last year. The company activates on the audio systems segment, which represents 37 percent of their turnover and on the security ... More

50% of small credits spent on electronic gadgets, home appliances

As reported by Dnevnik 46% of small credits extended to retail borrowers are spent on the purchase of consumer electronics and home appliances, shows data of JetFinance, the non-banking consumer lending company. JetFinance ... More

Johnson Controls sign Memorandum on investment

Macedonian Government and Johnson Controls company signed Thursday a Memorandum of cooperation and investment in building facility for interior electronics in FYR Macedonia. Prime Minister Vlado Buckovski and general manager ... More

New EUR 1.5 Million Media Galaxy Unit In Baneasa

Altex will open a new Media Galaxy electro complex, with an investment of EUR 1.5 million. The unit will be part of the Feeria commercial complex in Baneasa. Today, the Media Galaxy units have a total surface of more than 20,000 ... More

Pirated CDs, DVDs publicly destroyed for first time

Pirated CDs and DVDs have been destroyed in Belgradés Minel-Elip recycling facility in the presence of officials of the Ministries of Culture and Trade. The event was only a visual demonstration of the country's ... More

Germanos opens 40 new stores in Romania

Germanos Telecom Romania, a subsidiary of Greek Germanos Group, the biggest telecommunication retailer in Central and South-Eastern Europe, plans to open 40 new stores in 2006, said the company's officials. Germanos Telecom ... More

Greece's Germanos plans to expand in Turkey, Serbia

Greek phone and accessory retailer Germanos plans to expand into two more countries this year to cash in on growing mobile phone usage. "We expect to enter two other markets in 2006, Turkey and Serbia," Germanos CEO John ... More

LG Electronics targets EUR 100 M in turnover this year

For 2007, the Korean electronic and home appliance producer targets a 20 per cent market share in Romania. South-Korean producer of electronic and home appliance LG Electronics aims to double this year its sales in Romania, ... More

Profits at IT Company Hermes Softlab Top EUR 2m in 2005

Software company Hermes Softlab generated consolidated unaudited sales revenues of EUR 34.5m in 2005, a rise of 13% over the year before, while operating profit will probably top EUR 2m, the company told the press on Thursday. ... More

Belgium's Melexis to invest 22 mln euro in Bulgaria

Belgian semiconductor maker Melexis will invest 22 mln euro by '09 to concentrate its customer services and production in Bulgaria, the general manager of Melexis Bulgaria, Nicolas Treand, told news agency SeeNews in a recent ... More