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Global Trade

The reason Turkish exports are rising

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Following agreements between Turkey and the Balkan-area states, authorities have noticed a significant increase in export volumes in the first five months of 2018. Turkish exports to Balkan countries increased by 22% from January to May of this year, amounting to somewhere around 4 billion USD (3.45 billion EUR) for the Euro-Asian country. The largest […]
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Air Freight

AirBridgeCargo adds new destination

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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 […]
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Global Trade

Fabryo to be part of AkzoNobel family

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Dutch manufacturer for paints and performance coatings, AkzoNobel, has entered into an agreement to acquire 100% of Romanian Fabryo Corporation shares. Following this transaction, AkzoNobel will become a leading presence on the Romanian decorative paints market. The Fabryo Corporation SRL has its headquarters near Romania’s capital city of Bucharest, being known for making various types […]
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FMCG

Mondelez is investing in Czech Republic

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A factory responsible with making biscuits for Oreo, belVita, Milka and Cadbury has been receiving massive investments from the Mondelēz International Corporation over the last few years. The Opava biscuit manufacturing facility, located in the Czech Republic, has been on the receiving end of a series of investments from Mondelēz International, totaling 200 million USD, since […]
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Intermodal

Hungary introduces a new weighting system for trucks

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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, […]
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