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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 […]

Hungary introduces a new weighting system for trucks

In June 2018, Hungarian authorities activated a revolutionary weight measurement system, to keep track of truck cargo traffic. The innovative part lies mostly in the speed of processing, meaning the system measures the vehicles’ axle weight and determines their total weight without stopping the vehicle itself. The main use of this system, according to authorities, […]

New Silk Road welcomes Port of Koper

Officials from the Port of Koper (Slovenia) and Ningbo Zhoushan Port Group (China) agreed to work together, following a Memorandum of understanding. Following a conference at the Maritime Silk Road Port International Cooperation Forum, in the Chinese city of Ningbo, port authorities agreed to a lucrative cooperation between the two. Specifically, the president of the management […]