GGF has approved a €28 million loan for the Blue 1 solar power plant in Albania

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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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  06 december 2024Boyan Koussarov, Sales Manager Export EER at DEVI by Danfoss: Our solutions make the world a better place to live

  Founded in 1942 in Copenhagen, Denmark, DEVI quickly established itself as a global market leader in electric heating products, solutions, and systems. Since 2003, it has been part of the high-tech giant Danfoss and it currently operates as an independent commercial and manufacturing unit.

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  05 december 2024Romania to produce batteries with Lockheed Martin technology in new 50 million euro factory

  A zero-carbon GridStar Flow battery factory using Lockheed Martin's innovative technology will be built in Oradea, Romania, BalkanEngineer.com has learned from thediplomat.ro.

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  02 december 2024Construction sector tops ranking of most profitable companies in Albania

  The construction sector has overtaken concessions in profitability in Albania for the first time, BalkanEngineer.com has learned from Monitor.al's annual report, which ranks the country's 200 most profitable companies.

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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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  27 november 2024Sports equipment manufacturer Brainchild invests 11 million euros in new factory in North Macedonia

  Brainchild, a company based in northern Macedonia and specialising in water sports and sailing products, has announced plans for an investment of 11 million euros over the next five years.

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