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Big money for Montenegro businesses

Two major financial European institutions have agreed to aid the country of Montenegro, in order to finance some of its plans for better businesses. Specifically, the European Investment Fund (EIF) and Erste Bank Podgorica have signed their first agreement (known as the InnovFin SME Guarantee Facility agreement), to support innovative small- and medium-sized enterprises (SMEs). […]

First intermodal train connecting Romania to Poland

GOPET Trans has launched a new intermodal railway train service, able to transport cargo across multiple Eastern European states. The new train, set to run once per week in each direction, departs from the Oradea Terminal (Romania), going through Hungary, Slovakia, the Czech Republic and Poland, all the way to the Spedcont Container Terminal in the Polish […]

Shipping sector is improving

The global market for large cargo transports by sea is a lucrative business, considering the amount of containers and raw materials handled each year. Internationally, around 90% of all cargo has seen its fair share of shipping lanes, whether transported on seas, oceans or rivers, with more than 50,000 merchant ships, bulk carriers, tankers and container […]

EIB supports Romanian factory project

Romanian electronics manufacturer Arctic SA is planning to open a new factory for manufacturing washing machines. As the largest Romanian producer of household appliances and one of the largest refrigerator manufacturers in Europe, Arctic certainly wants to invest big in a new factory. The European Investment Bank (EIB) is lending 68 million EUR to finance the […]

AirBridgeCargo adds new destination

Hungary’s capital city of Budapest will become an important stopping point for AirBridgeCargo (ABC) Airlines, an air company specialized in cargo transport. The Russian-origin cargo airline, part of the Volga-Dnepr Group, AirBridgeCargo, has recently added two flights per week at the Budapest International Airport in order to keep up with the increase in Asia-Europe cargo […]