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2018-09-21  12:49
CIJ Serbia
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Project News

Navigator Business Center 2 underway in Belgrade

MPC Properties started construction on its new facility Navigator Business Center 2 in Belgrade. The investment value is expected to top €45m. Completion is planned for Q1 2020. The class A scheme will offer 27,000 sqm of leasable space on eight floors as well as underground parking for 500 vehicles. The project is being developed in accordance with LEED green standards. The first pha...
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2018-09-21  12:41
CIJ Serbia
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Company News

Trelleborg to open new facility in Serbia in...

Trelleborg is completing construction on a new facility in Ruma, northern Serbia. The value of the investment is more than €23m. The company is planning to employ about 200 people at the site over the next two years. Completion is set for the first half of next year. Roughly 85 percent of products manufactured at the new facility will be export to EU markets. Trelleborg was founded in...
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2018-09-21  12:35
CIJ Serbia
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Company News

Kolektor building new plant in Bosnia

Kolektor broke ground on a new production plant in Prijedor, western Bosnia. Investment costs are expected to total €1.5m, with the City of Prijedor covering about €600,000 for the initial construction work. In the first phase, Kolektor will employ about 120 new people and will later add up to 500 additional employees. The first phase is expected to be completed in 120 days. Kolektor ...
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2018-09-21  12:28
CIJ Serbia
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Company News

Latecoere Bulgaria opens new plant in Plovdiv

Latecoere Bulgaria opened a new factory at the industrial zone near Plovdiv. The company is planning to assembled electric cabinets for Airbus as well as parts for airplane doors at the factory. By 2020, the investment’s value is expected to hit €15m. Latecoere Bulgaria invested €10m in the first phase of the project, which covered 5,000 sqm. The second phase, planned for next year, w...
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2018-09-21  12:23
CIJ Serbia
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Company News

Eurofiber to invest €4m in Serbian...

Eurofiber is planning to invest €4m in Cuprija, central Serbia, by the end of this year. The Chinese company produces yarn for Italian companies that manufacture women’s nylon socks. Eurofiber’s Cuprija plant will get new machinery and equipment before the end of the year. The company will also increase its workforce to 50 employees. Eurofiber moved its production to Serbia to be clos...
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2018-09-21  12:05
CIJ Serbia
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Company News

HBIS to break ground on industrial park in...

HBIS is planning to break ground on an industrial park in Smederevo, eastern Serbia, next year. The development will go up in two phases between 2019 and 2022. The industrial park will target companies that produce equipment for renewable energy, electronic goods, car parts and building materials. HBIS Group Serbia Iron & Steel is a subsidiary of China’s Hebei Iron & Steel Gro...
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2018-09-21  12:00
CIJEurope.com
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Company News

Panattoni begins work on Ostrov brownfield

Panattoni Europe began work on its newest industrial park, a brownfield in an old trolley bus plant in the town Ostrov in the Karlovy Vary region. The former plant has lain dormant for over a decade since the company using it went bankrupt. Panattoni director Pavel Sovička says the location will benefit from a strong tradition of manufacturing among the local population. Panattoni Par...
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2018-09-21  11:59
CIJEurope.com
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Company News

Czechs increase control over Metro

Through their joint venture EP Global Commerce II, the Czech business moguls Daniel Křetínský and Patrik Tkáč have worked out an agreement with the company Ceconomy for the sale of a 3.6 percent share in the Metro retail group. The two billionaires have also secured an option for a further 5.4 percent of Metro, having picked up 7.3 percent of the company at the end of August from Hani...
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2018-09-21  11:58
CIJ Serbia
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Project News

New electric car factory to go up in...

Chinese electric car producer Cenntro Automotive Corporation and SEVIC eMobility will invest €10m to develop a production plant near Plovdiv, southern Bulgaria. To go up in the Trakia Economic Zone, the new plant will produce electric cars and employ between 250 and 300 people. The investment will be developed in three phases. Sixty percent of the parts produced at the plant will be f...
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2018-09-21  10:18
CIJ Romania
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Company News

Competition council approves Immofinanz’s...

Immofinanz AG’s takeover of S Immo AG has been approved by the Romanian Competition Council. The deal includes five companies that S Immo operates in Romania. Immofinanz is a key player on the local real estate market. The Austrian real estate developer’s portfolio is valued at more than €800m. In addition to Romania, Immofinanz also operates in Austria, Germany, Poland, the Czech Rep...
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