Economic, institutional reforms draw steadily more foreign investors to SEE

Eurofast is a business advisory employing over 200 advisors at 21 offices in Southeast Europe (SEE) and the Middle East. With over 28-year experience, having worked with many global brands and leading institutions, operating in the manufacturing, retail, airline, and … Read more

Interviews, Technology

In the Idea Economy era, combining applications and data creates dramatically new experiences, new markets

In November 2015, Hewlett-Packard finalised its historic division into two companies, with the launch of Hewlett Packard Enterprise (HPE) on the New York Stock Exchange. Following the split, HP Incorporated (HP Inc.) continued selling PCs and printers, while HPE focused on servers, storage, networking, security and corporate services, aiming to drive a technology roadmap designed to accelerate its customers’ digital transformation and transition to the data centre of the future. Read more

Insurance, Interviews

Triglav eyes further growth with health, life insurance in focus, to advance telematics solutions

Slovenian insurance company Zavarovalnica Trigla, set up in 1990, is the controlling company of Triglav Group. Triglav Group posted a consolidated net profit of 88.9 million euro in 2015, up 4% from a year earlier. Read more


IFC: SEE governments should step up structural reforms to help spur growth

One of the biggest issues the region is struggling with right now is that structural reforms have not moved as fast as we have expected or hoped for. As a result, SEE countries are saddled with relatively high unemployment and poorly functioning labour markets and, consequently, the levels of growth across the region are not reaching full potential and are not high enough to address those kinds of fundamental challenges. Read more


Walltopia: We see big potential for amusement products in SEE

Founded in 1998, Bulgaria-based Walltopia is one of the world’s leading manufacturers of artificial climbing structures, operating on six continents through offices in the U.S. UK, Canada, Germany, Russia and Asia Pacific and exporting to 50 countries around the globe. Read more


CEE can both benefit and contribute to Industry 4.0

Siemens Bulgaria is part of Siemens AG – a world leader in the manufacturing of innovative products, technologies and solutions in the fields of electrification, automation and digitalization. Read more


Transfer pricing consultancy services to top demand in SEE region

The EU member states in the region have progressed in modernising their tax legislation, and so have some non-EU countries that are implementing some basic EU directives with the aim to comply with the European legislation. I Read more


Prolonged gas cuts during 2015/2016 winter unlikely amidst ward off effects from Ukraine crisis

Despite serious concerns at the beginning of the crisis, most of Western and Eastern Europe have weathered the impact of the Russia- Ukraine crisis relatively well so far, as the growth momentum in the Eurozone turned out stronger than the downward pressures from the crisis, caused by recessions in Russia and Ukraine and the sanctions/countersanctions. Read more


BULATSA – Aviation’s reliable partner

The Bulgarian Air Traffic Services Authority, BULATSA, established in 1969, provides air traffic management and air navigation services to enable the safe, efficient and expeditious flow of traffic in the country’s airspace. Read more


Visa Europe sees stable growth of its operations in Bulgaria

The electronic payments market in Bulgaria has been marked by a steady growth over the last few years. The basic trends, which Visa is observing in Bulgaria, showcase that Bulgarian citizens are becoming more and more prone to using their bank cards both for big shopping activities and small everyday purchases. Read more


Privatisations to help BVB weather global instability

The Bucharest Stock Exchange (BVB), with a market capitalisation of some 31.1 billion euro by August 2015 and an average daily turnover of nearly 7.7 million euro, is the biggest bourse in Southeast Europe. Read more


Postbank: Banks will be offering more custom-made innovative solutions

Postbank has a 24 year history on the bulgarian market. In July, Postbank and Alpha Bank signed a Memorandum of Understanding for the acquisition of the Bulgarian branch of Alpha Bank. Following the completion of the acquisition, Postbank will become the fourth largest bank in Bulgaria in terms of loan and deposit portfolio. Read more


Romanian car maker Dacia targets record-high output in 2015

Romanian car maker Dacia, a unit of France’s Renault since 1999, surpassed oil and gas group OMV Petrom as SEE’s largest company in terms of total revenues in 2014. The company’s revenues rose 2.2% to over 4.2 billion euro while net profit climbed 10.2% to 83 million euro on the back of increased demand for its no-frills, reliable models. Read more

Insurance, Interviews

Slovenia’s Triglav eyes position of SEE insurance hub

Slovenian insurance company Zavarovalnica Triglav, set up in 1990, is the controlling company of Triglav Group. Triglav Group posted a consolidated net profit of 85.7 million euro in 2014, up 23% from a year earlier. Read more

Innovations, Interviews

IBM helps organisations across SEE to stay on the right side of IT security

By 2020 the number of things connected to Internet in Southeast Europe (SEE) will exceed its population more than four times.
Over 7 million smart meters will be deployed across the region. Security has never been
more important Read more

Banking, Interviews

BCR cleans up balance sheet, eyes better results in 2015

Banca Comerciala Romana (BCR), a member of Erste Group since 2006, is Romania’s largest financial group. Besides universal banking operations, including retail, corporate and investment banking, treasury and capital markets, the group also provides leasing and asset management services, among others. BCR’s network includes more than 560 retail units, over 2,100 ATMs and 13,500 POS terminals. Read more


Max: 4G LTE to help speed up convergence of telco services speed up convergence of telco services

Sofia-based operator Max, launched as a WiMax carrier in 2007, commissioned the first Bulgarian commercial 4G LTE mobile network in 2014. The company, acquired in 2013 by London-based private equity investor Daniel Kupsin, plans to raise the coverage of its 4G LTE service in terms of population to 55% in five years. Read more


ECA: Island-hopping in Croatia now just a flight booking away

Dalmatia-based seaplane operator European Coastal Airlines (ECA), founded in 2000, started operations out of Split in the summer of 2014. Read more


GEN-I: Slow regulation weighs on SEE gas markets

Gen-I Group’s core activities include international electricity trading, as well as the sale of electricity and gas to end-customers. The Krsko-based group has subsidiaries in Austria, Italy, Germany, Hungary, Romania, Bulgaria, Serbia, Bosnia and Herzegovina, Montenegro, Macedonia, Kosovo, Albania, Greece and Turkey. Read more

Banking, Interviews

EBRD: Successful tackling of NPL levels will help boost lending in SEE

The European Bank for Reconstruction and Development (EBRD) raised its investments in Southeast Europe, a region that has remained particularly vulnerable to the effects of problems in the eurozone, to around 1.65 billion euro in 2013 from 1.5 billion euro in 2012. In 2013, EBRD investments remained strong in Turkey, totalling around 920 million euro. In the Western Balkans and Croatia, the EBRD invested a record 1.2 billion euro in more than 80 projects in 2013. Read more