The Romanian group Valvis Holding, a producer of the mineral water brand AQUA Carpatica, has registered an increase of 250-300% in sales during the recent weeks.
The import exceed the 1 billion mark for the first time, reaching EUR 1.07 billion. The exports of technical hardware from Bulgaria also showed exceptional results, reaching EUR 450.8 million or a 23% increase.
The Chinese company Xingyu Automotive Lighting Systems has received a state subsidy of EUR 16.4 million from Serbia to build a plant in Nis, BalkanEngineer.com learned from SerbianMonitor.com.
Schaeffler Group plans to expand its manufacturing and logistics facilities in the country. The company will focus on increasing productivity and optimizing costs in both the automotive and industrial sectors.
The French group Renault unveiled in early March the concept of the electric car Dacia Spring. The model is expected to hit the European market in 2021.
The main reasons for this are the alarming news about the spread of COVID-19 in Europe and the unexpected last-minute refusals by exhibitors from abroad.
The news of VOSS Automotive’s future investment was announced by Roland Weiss, Managing Director of the subsidiary in Bulgaria, during the ceremony of the Bulgarian Investor of the Year 2019 awards.
After a visit to Serbia, the Korean company Kyungshin plans to build a factory for electronic components for the automotive industry in Smederevska Palanka. The company is expected to invest EUR 24 million.
The facility has an area of 13000 sq m and has a production capacity of about 45000 t of wool per year, making it the largest of its kind in Romania.
The Macedonian government has announced via a public tender that it is looking for investors for the construction of two solar energy units with combined power of up to 100 MW.