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One United owners to develop logistics park in Ploiești, Romania

The founders of One United, a Romanian real estate developer, are working to diversify their business strategy, entering the industrial spaces market. This being said, the Romanian business partners are preparing to develop a logistics park near the city of Ploiești (a city known for its oil industry, located 60 km from the capital-city of […]

Kaufland opens new logistics center in Bulgaria

The German retailer Kaufland recently invested several million EUR in a new logistics center in the Eastern European nation of Bulgaria. Kaufland is now the proud owner of a new logistics complex in the Rakovski Industrial Zone, located close to the center of the country, near the city of Plovdiv. The location’s advantages are obvious, […]

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 […]