Montenegro

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Skoda Praha bargained the deal of building power plants in Montenegro

The Czech company Škoda Praha placed the best offer on the international tender issued by the Montenegrin government won the race to build another block of thermal power plant in Pljevlja.
Such construction is very important for the government of Montenegro.
Skoda Praha said it will build a thermal power plant of 254 megawatts with an electric efficiency of 39.5 percent, for 338.5 million euros. The second-ranked offer was from Chinese company CMEC.
The government’s call for the construction of the second block of the thermal power plant Pljevlja was answered by “Skoda Praha”, two Chinese companies – “Powerchina Hubei Electric Power Survey & Design Institute”, “China Machinery Engineering Corporation” (CMEC) and the Slovak company “Istroenergo Group”.
The project will provide town heating, in cooperation with the municipality of Pljevlja.
The construction of the second block of thermal power plants will achieve a strategic objective in the field of energy in Montenegro. In fact, it will ensure the energy independence of the Country.
(Source: Blkeu.com)

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Bulgaria

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Business climate in Bulgaria improved in May 2017

The National Statistical institute says that in In May 2017, the business climate in Bulgaria increased by 3.2 percentage points in comparison with April, due to more optimism in all sectors: surveyed – industry, construction, the retail trade and services.
In the construction sector, the indicator went up by 2.9 percentage points.
However, the NSI noted, the most recent study shows also an increase in the number of clients of the construction sector who had delayed making payments.
About the retail trade, the indicator climbed by 5.6 percentage points, with volume of sales expected to increase both from the domestic and foreign markets over the next three months.
In May, the indicator in the service sector increase by 4.7 percentage points, as managers had more favourable opinions about demand for services.
(Source: IBNA)

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Slovenia, Visit of Hong Kong’s secretary of commerce

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Slovenia

Visit of Hong Kong’s secretary of commerce

Slovenia signed with Hong Kong a memorandum of understanding on cooperation regarding wine trade.
Accordingly, they will work to facilitate wine trade.
The aim of the Hong Kong secretary visit was not only the increase of wine trading but also to build a better cooperation also in economy and investments in general.
About the Slovenian wine, he said “this wine is perfect. It has a full, very fruity taste. Teran is the right wine for our market.”
In 2016 Slovenia imported wine worth 1.4bn euros and exported more than half a billion’s worth to China.
Slovenian Minister Židan said also that there is also a lot of potential in tourism, economy and investment with Hong Kong and that concrete proposals will follow in the next few days.
Židan also hopes that Hong Kong will use Slovenia as the door to enter the EU.
On Monday, the Hong Kong Trade and Economic Development Office, the Slovenia Times, and JT Business Development will organize an event to promote business ties with Hong Kong.
(Source: The Slovenia Times)

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Albania

Alessandro_Pasut_4Albania: small businesses keep the economy alive.


Those businesses which employ only between 1-4 people are an added value for the Albanian economy in general.
The Albanian Institute of Statistics says that such businesses make up for 89.3% of all businesses in the Country and at the same time realize 14.3% of the total number of sales.
This situation is explained by the tax facilities given to small business that employs one to four people and which individually declares a low level of turnover, although these small businesses have the highest level of turnover. They are Such businesses include coffee shops, pizza restaurants, betting points, etc which do not request high initial investment.
In Albania out of a total of 104.534 businesses 93.376 employ 1-4 people.
Out of 104.534 businesses active in the country during 2015, 93.376 of them employed 1-4 people. A significant level compared to 1.031 businesses that employ more than 50 people or 4300 businesses that employ 10-49 people.
The number of private enterprises offering services in Albania is growing and occupies 20,8% of the growth’s level.
In terms of the number of businesses, the highest number belongs to the trading sector, namely 43.1%, followed by hotels and restaurants with 17.8%. The trade sector also has the highest level of net sales, namely 48.3% of the total and the highest level of employment, 25.7% of the total in 2015.
(Source: I. B. N. A.)

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Slovenia

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Employment’s outlook hits new record high in Slovenia
Per Manpower Slovenia’s employment outlook for the second quarter of the 2016 reaches a new all-time high.
Slovenian employers reporting the most upbeat hiring plans as the third strongest world-wide.
28% of Slovenian employers have projected an increase in staffing levels while the 68% expect no change and only 1% anticipate a decrease.
Thus, the net employment outlook stands at +22%.
All the ten industry sectors in Slovenia expect a hiring increase: + 33 for the manufacturing sector, + 30% within construction field, + 23% in hotel, restaurants and related sectors.
Talking about the global situation, the second-quarter hiring confidence is strongest in Taiwan, Japan, Slovenia and India. The weakest data are to be found in Brazil, Italy, Belgium and Switzerland.
(Source: T. S. T.)

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Bulgaria

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News-Bulgaria


Based on the applications for investor certificates, the InvestBulgaria Agency informed about the possible investment of 400 million leva and work for the creation of 6000 new jobs during the 2017.
Such investment should be directed in sectors like information and communication technology, electrical equipment and machinery, textiles and clothing, chemical products, rubber, plastics and other non-metallic mineral products and food products.
Mr Stamen Yanev from InvestBulgaria Agency pointed that there is the need to train a skill labor force that would be needed for the investors who expect highly skilled workers: one of the challenges facing Bulgaria.
From the beginning of 2017 to date, the InvestBulgaria Agency has certified four new projects for an amount of 130 million leva and the potentiality to create 3330 new jobs.
The companies whose projects were given certificates included Integrated Microelectronics Bulgaria, Coca Cola, Lufthansa Technik, and many others.
The laws in Bulgaria entitles the agency to exempt businesses from corporate tax if they invest in areas with high unemployment. In 2016, the agency exempted 19 projects from corporate income tax, while in turn, 83.5 million leva will be invested in such areas.
(Source: B.N.com)

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Slovenia

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NLB Bank Sale/Meeting with the European Commission

The Slovenian Government is committed to sell NLB by the end of 2017 in the environment of the restructuring plan that served as a basis for the European Commission’s approval of state aid to the bank in the 2013 bailout. So there is no official request by the Government to the European Commission to get an extension (as the Slovenian media have been telling for months).
This is at least what was said by Vraničar Erman who took over as Slovenia’s finance minister in September.
She  and the European commissioner agreed on continued close cooperation to ensure that the commitments were respected to the maximum extent possible.
The Finance Ministry points that the goal of selling the NLB (after it also Abanka) was to maximize the return of funds that the state invested in the repair of both banks.
The minister said Slovenia today did not propose an extension of the deadline for the sale of NLB, but continued with the planned procedures and there is the will do achieve such goal without any extension of the agreed deadline.
The above also considering that for an extension of the deadline the European commission would certainly ask a straining of other commitments in exchange.
After the meeting the European Commission’s comment was that the commitment of the Slovenian authorities remain that to put forward the restructuring plans of NLB until December 2017, and that will monitor and remain in contact with the Slovenian representatives.
(Source: The Slovenia Times)

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Romania

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Romania is the second Country in EU by October’s retail trade growth.


In October 2016, the volume of Romania’s retail trade increased by 8.7 percent in October 2016 compared to October 2015.

In this way, Romania became second only to Luxembourg in the EU ranking by retail trade growth according to the European Statistical Office (Eurostat).
In the EU28, the 3.5 percent increase in the retail trade volume is due to the 4.9 percent rise in sales of non-food products, the 2.5 percent growth is sales of food, drinks and tobacco, and of the 1.7 percent advance in for automotive fuel sales.
The highest monthly increases in the total retail trade volume in Europe were registered in Slovenia (+3.7 percent), Luxembourg (+2.9 percent), Germany (+2.4 percent) and the United Kingdom (+2.0 percent).
Romania’s National Institute of Statistics announced that compared to the previous month October’s retail turnover (except for trade in motor vehicles and motorcycles) was up 7.9 percent as raw series, and 10% expressed as workday and seasonally adjusted series.
Source: Agerpres

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Slovenije

Alessandro_Pasut_4Telekom Slovenije plans broadband growth and consolidation in the Balkans


The supervisors of Telekom Slovenije drafted the business strategy for 2017.
They plan the consolidation in the group’s markets, an expansion of its fibre-optic network and growth in the number of broadband and IPTV connections.
They also think about the optimization of processes and IT infrastructure, new sources of revenue, staff restructuring, financial stability, quality and social responsibility.
In 2017, the state-owned telco expects EUR 717.8m in business revenue.
For the period until 2021, the company is to continue especially with accelerated digitalization,
Telekom will meanwhile also pursue the maintenance of financial stability consolidation on the markets where the group is already present.
The group, which is also working in Kosovo, Bosnia-Herzegovina, Croatia, Serbia, Montenegro and FYR Macedonia, plans accelerated consolidation in these markets, either in the form of expanding its operations or by selling its participating interests.
Source: The Slovenia Times

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Croatia

Alessandro_Pasut_5Croatia.


European Parliament gives go-ahead to include the Port of Rijeka into Baltic-Adriatic Corridor.
The Baltic-Adriatic Corridor is one of the most important trans-European road and railway axes.
In fact, it represents the connection between the Baltic and the Adriatic Sea linking Southern Poland, Vienna and Bratislava, as well as the Eastern Alpine region and Northern Italy.
It is now on the European Commission to decide on the whole issue.
The Port of Rijeka is the biggest seaport in Croatia. The city of Rijeka is also the second economic center of the nation and third largest Croatian city.
The Port of Rijeka is also the most convenient transit hub for Croatia, Hungary, Austria, Czech Republic, Slovakia, the western part of Ukraine, the southern part of Poland and the southern part of Germany.

 

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