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EBRD loans 4 million Euro to Ukraine pharma company

The European Bank for Reconstruction and Development (EBRD) is working on a loan for a pharmaceutical company based in Ukraine. The LLC NVK Ecopharm company has recently been awarded a loan of close to 4 million EUR (3,8 million EUR), by the EBRD. The pharma company based in Ukraine needs the European loan to finish […]

Port of Baku to bring in more investors in free trade zone

Authorities at the Port of Baku have recently signed a Memorandum of Understanding, in order to bring in more business into Azerbaijan. Located at the line between Asia and South-Eastern Europe, the country of Azerbaijan will be able to benefit from increased business, thanks to recent negotiations at the capital city of Baku’s International Port. […]

GEFCO handles large portion of automotive logistics in Bulgaria

The Bulgarian subsidiary of the GEFCO Group, GEFCO Bulgaria, is currently engaged in automotive logistics inside the country, being responsible for a large portion of its automotive business. According to data from the European Automobile Manufacturers Association, in 2015, the company managed to transport nearly 50,000 vehicles inside Bulgaria, with 10,750 of them being reserved […]

Black Sea ports witness growth in container traffic

Recent data has revealed a general growth of the number of TEUs passing through some of the Black Sea ports, in the first nine months of this year. According to an economic analysis, the highest ranking country for Black Sea activities is Ukraine. The seaside country stands to see an improvement of 32,52% in the […]

KMG International to have new names in management structure

According to recent announcements, the KMG International Group has decided to change its current management structure, with new names for its operations. Specifically, the Group has appointed Cătălin Dumitru as the Senior Vice President for Operational Activities and Alexey Golovin as Vice President for Corporate Development and Strategy. As a result, the acting Senior Vice […]