May 26 (SeeNews) - Romanian logistics startup CargoPlanning's planned expansion 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 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.
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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 ROUTES 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. 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. http://bit.ly/2q2ljXr
EU RECOMMENDS THAT CROATIA EXIT EXCESSIVE DEFICIT PROCEDURE
Tthe 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