Selena estimates EUR 6.3 million in sales for 2007

Selena Romania estimates for 2007 a 27 percent increase in sales compared with 2006, reaching EUR 6.3 million. The company estimates by year-end a turnover of EUR 4.95 million, a 26 percent increase on last year. On the foam ... More

Ruse co opens methane pump station

Local company M-Gaz has launched in its home city of Ruse, on the Danube, its first methane filling station. The 3 twin-set methane pumps can service all types of vehicles from automobiles up to heavy trucks and buses. Motorists ... More

Finland buys CO2 credits from Romania and Bulgaria

Finland has signed agreements with Romania and Bulgaria to buy greenhouse gas credits through a special mechanism of the Kyoto Protocol on fighting climate change, news agency Reuters said on Monday, December 18. The deals ... More

Tigar continues development

The exports of the Tigar MH company this year will exceed 100 million euros. Tigar MH is made up of Pirot-based Tigar and the French Michelin company. This year, the Tigar factory exported products worth six million euros, ... More

Unilever invested EUR 4 M in new factory in Ploiesti

Unilever invested over EUR 4 M in the construction of a factory producing food products in Ploiesti, where the British-Dutch company already has an entity, in the domain of detergents. “With this investment, Ploiesti will ... More

Henkel targets Balkans with new 2.4 mln glue factory

In a strategic, 4.2 million euro move, Serb company Henkel will build a new factory in Indjija to produce and export glues to Bosnia, Croatia, Montenegro, Bulgaria and other Balkan countries. Confirming the news in a statement, ... More

Hungarian company "Egrokorr Zrt" seriously interested in investment in Serbia, opening of production units in the pipeline

In 2006, Hungarian company "Egrokorr Zrt" registered growth of export to Serbia by about 50%, which is sufficient reason for planning of development of operations of that company in Serbia. This was pointed out at today's ... More

Charges to be pressed against Petrohemija Pancevo

The Environmental Protection Directorate of the Serbian Ministry of Education and Environmental Protection stated after yesterday's elevated concentration of benzene in the air in Pancevo that the Serbian inspector for ... More

Chimimport makes strong bourse debut

Demand for Chimimport stock upon their Monday debut on the secondary segment of the local stock exchange caused technical glitches with the COBOS Internet-based trading system. The stock closed at 5.39 levs on Monday after ... More

Factory "Hemigumplast", in which 2m EUR was invested, to be put into operation

Factory "Hemigumplast" will be opened in Leštani. The factory is specialized for production of rubber-technical goods for food-processing, chemical, metal-processing and beer industries - the Chamber of Commerce of Serbia ... More

Henkel builds plant in Inđija

Henkel has started the construction of its Inđija industrial adhesives factory worth 4.3 million euros. The Vojvodina municipality marks the beginning of a new phase of investments with the start of construction works ... More

Bulgarian Brikel buys Serbian tyre maker

Bulgarian electricity producer Brikel has won a tender for the sale of a 76.9% state-owned stake in Serbia's second-biggest tyre maker Trayal Corp, the Serbian Privatisation Agency was quoted as saying by news outfit SeeNews. ... More

Pipe maker to borrow more money for investment

KDN, the Gabrovo-based maker of uPVC, PE and PP pipes, will apply for a 3 mln euro 7-year investment credit and a 0.6 mln euro 1-year working credit from the United Bulgarian Bank. As loan security, the company will mortgage an ... More

Bulgarian paint maker Orgachim launches unit in Georgia

Orgachim, the Rousse-based paint and varnish maker, said it has established a subsidiary in Tbilisi, Georgia, under the name Deko Casa. The wholly-owned subsidiary will distribute Orgachim products. Orgachim operates ... More

Russian TMK and Greek CORINTH PIPEWORKS form a joint company

The new company will be named TMK-CPW. Its main activity will be pipe production for oil and gas pipelines. The majority owners will be the Russians. According to the plans, the joint company could start working in the second ... More

Bulgarian co to start manufacture of yachts

Infrabulimpex, a Ruse-based producer of glass-reinforced plastic pipes, is preparing to launch the manufacture of small river and sea-going yachts employing a Dutch technology, said Hristina Kasparyan from the Ruse Euro Info ... More

Pirelli relocation to Romania causes tension in Italy

The intention of Pirelli Group to relocate a production unit from Italy to Romania has led to mounting tension among the Italian workers. Worried about their jobs following the relocation, the employees if the Pirelli factory in ... More

Fitch upgrades Postbank, UBBank

Fitch Ratings was quoted as saying by news agency SeeNews late last week that it has upgraded Bulgarian Postbank's FC IDR and Short-term to 'BBB+' from 'BBB' and to 'F2' from 'F3', respectively. Individual 'C/D' and Support '2' ... More

Saudi co to increase sales in Bulgaria

Sabic, the Saudi diversified manufacturing company, told news agency Bloomberg it plans to open in Oct a sales center in Hungary in a bid to boost polymer and chemicals sales in Bulgaria, Romania, Croatia and Serbia. The new ... More

Orgachim says to offer new road marking solution

Orgachim, the Ruse-based paint and varnish maker, said it is developing a new hot-applied thermoplastic road marking material that requires no special equipment. The fast-drying thermoplastic material is an ideal solution for ... More