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The reason Turkish exports are rising

Following agreements between Turkey and the Balkan-area states, authorities have noticed a significant increase in export volumes in the first five months of 2018. Turkish exports to Balkan countries increased by 22% from January to May of this year, amounting to somewhere around 4 billion USD (3.45 billion EUR) for the Euro-Asian country. The largest […]

Mondelez is investing in Czech Republic

A factory responsible with making biscuits for Oreo, belVita, Milka and Cadbury has been receiving massive investments from the Mondelēz International Corporation over the last few years. The Opava biscuit manufacturing facility, located in the Czech Republic, has been on the receiving end of a series of investments from Mondelēz International, totaling 200 million USD, since […]

Adient opens a new factory in Macedonia

Adient, the US car seats manufacturer, officially inaugurated a its third factory in Macedonia,  near the city of Strumica. The investment is worth 20 million dollars, official government said.  The plant has an area of 13.000 sq m and will create 1.500 new jobs. Aproximately 750 workers were already employed in the plant during the […]

German automotive cables manufacturer further invests in Hungary

Automotive industry cables and connectors manufacturer SCS Stahlschmidt has announced a new capacity expansion at its factory in Tatabánya, north-eastern Hungary. After investing 700.000 euro on new plant equipment and technological and infrastructure development last year, and increasing the number of “active” products to 220, the company will add another 800 sqm of production hall […]

Romania: No. 1 retail market in Eastern Europe

Recent data by Eurostat shows the situation of each European country’s retail market, with impressive results from the Romanian market. According to data for April 2017, Romania ranked no. 1 as the country with the best retail trade growth in Eastern Europe. Overall, the Easter European country ranked 5 out of all the countries in […]