May 26 (SeeNews) - Romanian logistics startup CargoPlanning's plans to expand in Southeast Europe is the most popular story published by SeeNews this week. Next come the launch of new flights from Belgrade to four destinations by Hungarian low-cost air carrier Wizz Air, and the forthcoming initial public offering of MMK Fintel Wind, a joint venture of Serbian vertically integrated conglomerate MK Group and Italy's Fintel Energia Group. Following are these and more of our top stories: ROMANIAN STARTUP CARGOPLANNING TO EXPAND IN BALKANS Romanian logistics startup CargoPlanning intends to tap markets in the Balkans region and double the number of its customers by the end of the year, the company's business development manager Valerica Motoc told SeeNews. Read the full text of the interview at: http://bit.ly/2rkc9FY WIZZ AIR STARTS FOUR REOUTES FROM BELGRADE Hungarian low-cost air carrier Wizz Air said on Friday it has delivered a second aircraft to its base in Belgrade to support its new routes - to Malta and Germany's Friedrichshafen, Nuremberg and Hanover. The routes will be operated with two weekly frequencies as of this week. The addition of a second aircraft to the Belgrade base involved an investment of $99 million (88.6 million euro) and will create 36 additional direct jobs, Wizz Air said. http://bit.ly/2qZQZwI SERBIA'S MK FINTEL WIND PLANS IPO ON BELGRADE BOURSE MK Fintel Wind, a joint venture of Serbian vertically integrated conglomerate MK Group and Italy's Fintel Energia Group, said it plans to carry out an initial public offering (IPO) on the Belgrade Stock Exchange, offering between 20% and 40% of its capital. With the IPO, the company aims to raise 60 million euro ($66.8 million) from institutional and private investors that will be invested in the construction of a 117 MW wind farm in Kosava, northern Serbia, and other smaller projects, MK Fintel Wind said in a statement on Thursday. "We have been working on this plan for several months already, but in recent weeks there has been a significant advancement because a large amount of funding is circulating, and many institutional investors are looking for profit," the executive director of MK Fintel Wind, Tiziano Giovanetti, said in the statement. http://bit.ly/2qYWf3F FINLAND'S CARGOTEC TO OPEN BUSINESS SERVICE CENTRE IN SOFIA Finnish cargo-handling machinery maker Cargotec said on Monday it plans to open a business service centre in Sofia as the company shifts focus to building more scalable, cost-efficient and compliant business support processes. "The planned Cargotec Business Services operations would be organised according to cross-functional processes rather than operating in functional silos. The main service centre is planned to be located in Sofia, Bulgaria, but we also expect to have regional hubs to serve different time zones and languages," a Cargotec official told SeeNews in an e-mailed statement. The company is currently in the process of mapping future needs, building knowledge, looking into possible premises and different options to build future structures for its organisation and operation. http://bit.ly/2q2ljXr EU RECOMMENDS THAT CROATIA EXIT EXCESSIVE DEFICIT PROCEDURE the European Commission said on Monday it has recommended to the Council to close the excessive deficit procedure (EDP) for Croatia because the country has brought its deficit below 3% of GDP. Croatia's headline deficit decreased to 0.8% of GDP in 2016 and is projected to rise slightly to 1.1% in 2017, before dropping to 0.9% of GDP next year. http://bit.ly/2qjKchy ORBIS GROUP SIGNS DEAL WITH AL SHIDDI GROUP TO OPEN FIRST NOVOTEL IN SARAJEVO Orbis Group, the strategic partner of AccorHotels in Eastern Europe, said on Wednesday it has signed a franchise agreement for a Novotel hotel in Bosnia's capital Sarajevo with its local partner and investor, Al Shiddi Group. The existing Sarajevo-based Hotel Bristol will join the Novotel network in the third quarter of this year, and will mark Orbis' expansion across the Balkan region and Eastern Europe, the hotel group said in a statement emailed to SeeNews. http://bit.ly/2rztdI2
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