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Top transporter paves way for new route

Sea- and ocean-cargo transport company Maersk is ready to lead the way into the future, with an experimental new route that offers an alternative. For all transporters going through the Suez Canal, Maersk is working to create a new navigable route through the Arctic Ocean, a harsh and inhospitable place for around 9 months out […]

New funds for Bulgarian port build

The European Investment Bank (EIB) recently approved a loan for a new port facility, located in the Black Sea nation of Bulgaria. The Agria Group Holding benefited from a 14 million EUR investment, courtesy of EIB, in order to finance its port facility build, destined for storage, handling and export of agricultural products. The new […]

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 […]