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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). […]

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 […]

Poland to produce Mercedes engines

Mercedes-Benz is nearing the final steps in one of its ambitious constructions: a high-tech factory made for engine production. The new warehouse and production space being built in the Polish city of Jawor is set to employ more than 1,000 people, which is double the initial estimate announced last year. Why high-tech? What sets this […]

Good news for Belarus-France commerce

Representatives from both French and Belorussian political groups met recently to talk about increased commercial cooperation between the two countries. Specifically, the Chairman of the Council of the Republic of Belarus, Mikhail Myasnikovich (note: picture above) met with a delegation of the France-Belarus Friendship Group of the National Assembly of France in Minsk (note: capital city […]