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SOFIA (Bulgaria), February 17 (SeeNews) - Russia's decision to close its market to companies which are part of Croatian privately-held concern Agrokor tops the list of the most popular SeeNews stories this week.
A project by a Dubai-based investment firm and a Kuwaiti company for the construction of a waterfront resort in Bosnia and Herzegovina comes next, followed by a story about the Belgrade airport concession.
These, and more of our top news stories which you might have missed, you can find below:
FIVE MEMBERS OF CROATIA'S AGROKOR LOSING RUSSIAN MARKET - REPORT
Russia is closing its market for poultry producers Koka and Perutnina Ptuj-Pipo, beverage group Vindija, food producer Belje and meat processing firm PIK Vrbovec, all members of Croatia's privately-held concern Agrokor, according to Croatian media reports.
Earlier this month, the Croatian foreign ministry was asked by Russia to cancel all export licences for Croatian food products, except for the licences of Brac-based canned fish maker Sardina and food, beverage and drug producer Podravka. http://bit.ly/2leyEGF
The licences were subsequently restored. http://bit.ly/2m2ufWk
DUBAI INVESTMENT FIRM, KUWAITI PARTNER TO BUILD WATERFRONT RESORT IN BOSNIA
Dubai-based investment firm Almman International Investments Ltd. said on Tuesday it is partnering with a Kuwaiti company in a project for the construction of a waterfront resort in Bosnia and Herzegovina.
The Almman Waterfront Ukrina resort will be located in the municipality of Miskovci, near the city of Derventa, and will spread on an area of 40 acres. http://bit.ly/2kpQBon
BELGRADE AIRPORT CONCESSION DRAWS INTEREST FROM MAJOR OPERATORS - GOVT AIDE
Serbia's invitation of bids for awarding a 25-year concession on Belgrade airport Nikola Tesla has attracted interest from all major sector players in Europe, a government aide has said.
The companies interested in winning the concession contract include Spain's Ferrovial, Germany's Hochtief and Fraport, France's Aeroports de Paris and Dutch-based Schiphol. http://bit.ly/2l4XKaZ
EUROCHEM TRADING GETS REGULATORY NOD TO ACQUIRE AGRICOLA BULGARIA
Bulgaria's competition regulator has said it granted its approval to Swiss-based EuroChem Trading to acquire fertiliser distributor Agricola Bulgaria. Agricola Bulgaria is a wholly owned subsidiary of Brussels-based fertiliser distributor Agrium Europe http://bit.ly/2kFOzvA
ROMANIAN CABLE MAKER ROMCAB FILES FOR INSOLVENCY
Romanian cables and electric conductors manufacturer Romcab [BSE:MCAB] said on Monday it has filed for insolvency in order to come up with a plan for recovery. "After exhausting other options to weather the difficult times in which we find ourselves, we inform you of our intention to initiate proceedings for judicial reorganization as the solution we have identified for the recovery of Romcab's business in an efficient and effective manner," Romcab said in a statement filed to the Bucharest Stock Exchange, BVB. http://bit.ly/2kjJUUN
NEVSUN RESOURCES TO START DRILLING AT SERBIAN COPPER, GOLD PROJECT BY END-2017 - ENERGY MIN
Serbia's energy ministry said Canada-based Nevsun Resources plans to start drilling at the Cukaru Peki Upper Zone of the Timok copper-gold project by the end of 2017.
In the first phase of the deposit's development, the drilling works will serve for exploration purposes and for production activities thereafter, energy minister Aleksandar Antic said. http://bit.ly/2lqRuwl
BULGARIA'S HUVEPHARMA TO INVEST 150 MLN EURO IN NEW PLANT
Bulgarian pharmaceutical company Huvepharma said on Monday it will invest 150 million euro ($159.3 million) in a new manufacturing facility in the town of Peshtera, in southwestern Bulgaria. Upon completion, the facility will increase by 50% the company’s production of animal food supplements and health products, Huvepharma told SeeNews in an email. http://bit.ly/2koXa5O
BRITISH-RUSSIAN TIE-UP HOPES TO BUY SOON 25% OF SERBIA'S GALENIKA
A British-Russian consortium said on Tuesday they are close to an agreement for the purchase of 25% of Serbian majority state-owned drug maker Galenika, despite the government's recent announcement that the talks over the sale have failed.
The consortium comprising UK-based Frontier Pharma Limited and Russia's LLC NPA Petrovax Pharm aims to transform Galenika into a regional pharmaceutical leader and plans to invest up to 30 million euro ($31.8 million) in quality improvements, technological upgrades and new product development which will allow the company to deliver high-quality and affordable products, it told SeeNews in an e-mailed statement. http://bit.ly/2kGk89F