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China expects great deal in Romania

The China Investment Corporation (CIC) intends to sell its Logicor deposits that it holds in Romania, expecting a multi-million EUR deal, one of the largest transactions in the industrial segment. The company is optimistic about its decision to sell the Logicor logistics business at a price of around 30 million EUR. Logicor operates more than 155,000 […]

Belarus and Georgia to work on multiple projects

Authorities in Belarus are interested in setting up a tractor assembly plant, among others, by working together with representatives from Georgia.  The new plant would be built in Georgia, as per the agreement between the two countries. The terms of the joint project also allow Georgian authorities to open a store in Belarus, in order […]

Latvia hopes for better collaboration with Azerbaijan

The Eastern European nation of Latvia intends to collaborate with Azerbaijan on several important land transport connections. The Minister of Foreign Affairs of the Republic of Latvia, Edgars Rinkēvičs said that cargo transport is a major part of the country’s economy, accounting for as much as 3% of the GDP. As a result, ‘Latvia is constantly […]

P&O Ferrymasters invests in intermodal equipment

P&O Ferrymasters, a leading European provider of logistics solutions, announced it has ordered 600 new containers for expanding its intermodal logistics network. This is multi-million EUR investment, essential to the company’s plan for strategic growth. P&O Ferrymasters intends to develop new routes and services across Europe and Asia, with plans to add the new containers […]

Fakt AG invests in a logistics center in Hungary

Germany’s Fakt AG intends to invest a record-sum of 1 billion EUR, in order to extend its horticultural production, processing and logistics services into Hungary’s horticultural industry. According to Hungarian Agriculture Minister Istvan Nagy, the German company will build the processing units on an area of 330 hectares in the outskirts of Hegyeshalom and Bezenye in northwest […]