Albania reported an economic growth of 16% for 2023, driven by the mineral water and cement production sectors

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  18 december 2024Logistics company Nelt Group invests 100 million euros in its bases in Serbia and the region

  Serbian logistics company Nelt Group has announced the launch of the largest investment in its history - €100 million. The sum will be directed towards upgrading logistics infrastructure and introducing new technologies in Serbia, as well as in other key markets such as Bosnia and Herzegovina, North Macedonia, Montenegro and Zambia, BalkanEngineer.com has learned from SeeNews.com.

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  16 december 2024Albania launches major street surveillance project with UAE help

  The United Arab Emirates (UAE) will provide financial support for the construction of a state-of-the-art national street surveillance system in Albania, BalkanEngineer.com has learned from a statement by Albanian Prime Minister Edi Rama.

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  16 december 2024Bulgarian startup URBIX Hub wins the EIT Jumpstarter early-stage support programme

  Bulgarian startup URBIX Hub was awarded a winner in this year's edition of the EIT Jumpstarter - an early-stage support program for startups organised by the European Institute of Innovation and Technology, BalkanEnginner.com learned from Economy.bg. The programme aims to turn innovative ideas into successful businesses.

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  13 december 2024OMV Petrom to transfer 50% stake in Bulgarian offshore gas exploration block Khan Asparuh to an Israeli company

  OMV Petrom, the largest oil and gas company in Romania, has announced that it will transfer 50% of its stake in the Bulgarian offshore Khan Asparuh block to NewMed Energy Balkan, a subsidiary of Israel's NewMed Energy, BalkanEnginner.com has learned from a publication of the Romanian company. The company will retain its role as operator of the project.

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  11 december 2024Shell enters the Albanian market: first branded petrol stations to open by 2025

  The world-famous Shell brand is entering the Albanian fuel market in partnership with local leader Kastrati Group. This follows the signing of an agreement between Shell's Greek licensee, Coral, and the Albanian conglomerate. BalkanEngineer.com has learned from an official Coral announcement on LinkedIn that the first Shell-branded service stations in Albania will open by the end of 2025.

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  05 december 2024Serbia plans talks with Azerbaijan to build gas power plant in Nis

  Serbia's President Aleksandar Vucic has announced the country's intention to start negotiations with Azerbaijan to build a 1 GW gas power plant in the city of Nis.

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  17 december 2024North Macedonia launches tender for the construction of 30 MW solar power plants

  The Electricity Company of North Macedonia (ESM) has launched a tender for the construction of two new photovoltaic power plants with a total capacity of 30 MW, BalkanEngineer.com has learned from an official company announcement. The project, announced in partnership with the European Bank for Reconstruction and Development (EBRD), will include the construction of a 10 MW Oslomej 2 solar plant in the area of an abandoned coal mine in the REK Oslomej complex and a 20 MW plant near the Bitola thermal power plant.

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  13 december 2024Japan's Toyo Tire is moving its European management functions from Germany to Serbia in 2025

  Japanese tyre maker Toyo Tire has announced that it will transfer the management functions of its European headquarters in Germany to a new subsidiary in Serbia by the end of 2025, BalkanEngineer.com has learned from a company announcement. The company will establish Toyo Tire Sales and Marketing Europe in December as part of a restructuring of its business in Europe. The new entity will begin sales operations in Europe in January, Toyo Tire said.

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  11 december 2024Kostal Macedonia launches 50 million euros investment cycle that includes 250 new jobs

  German automotive parts manufacturer Kostal has announced the launch of an ambitious investment project in northern Macedonia that will expand the company's production capacity in the country and create 250 new jobs by 2028. A total of 50 million euros will be invested in this new stage of growth, Balkanengineer.com has learned from a statement by Viktor Mizo, managing director of Kostal Macedonia.

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  06 december 2024Bulgarian furniture elements company Rosi invests 15 million leva in a new base in Sofia

  The Stara Zagora-based company Rosi has started the construction of its largest retail base in the capital's Druzhba 1 district.

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  04 december 2024Vetex (North Macedonia) exported 4.2 million euros worth of yarn and thread in the first 9 months of 2024

  The North Macedonian company Vetex from Veles managed to achieve impressive success, exporting 4.2 million euros worth of yarn and thread in just nine months

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  29 november 2024Serbian ICT sector reports 19% growth in exports, reaching 2.9 billion euros in the first 9 months of 2024

  Serbia's Ministry of Information and Telecommunications has announced that in the first nine months of 2024, exports of products and services in the ICT sector reached 2.9 billion euros.

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