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Entries for tag: Bulgaria
Fitch downgrades several emerging markets
Following the conclusion of its global review of the sovereign ratings of 17 major investment-grade 'emerging market' economies, Fitch Ratings downgraded the sovereign ratings of Bulgaria, Hungary, Kazakhstan and Romania, while it affirmed the sovereign ratings of, among others, Poland.
Read ArticleBulgarian closure hits M+M profits
M+M reports that consolidated sales increased by 6.9 % or EUR 57.7 million to EUR 894.9 million in the first half of 2008. This growth results mainly from volume gains in both divisions as well as higher prices.
Read ArticleMayr-Melnhof Group notes continuing growth
The Mayr-Melnhof Group stood its ground and continued growth in sales and operating profit in the first quarter of 2008 in spite of the noticeable decline of the general economic setting. At EUR 27.3 million profit for the period came in slightly below last year’s level of EUR 28.7 million due to non-recurring effects.
Read ArticleGerman company appoints Bulgarian representative
At the end of July 2008, the Plovdiv-based print industry trading company Dominov Konsumativ will be assuming its responsibilities as the new agency for press manufacturer Koenig & Bauer AG (KBA) in Bulgaria. The agency agreement covers both the Rapida sheetfed offset presses from the KBA facility in Radebeul near Dresden and web presses for commercial and newspaper printing from the West German KBA locations in Würzburg and Frankenthal.
Read ArticleWhat is the point of drinking?
Drinks as thirst quenchers? They are far more than this, according to the German futurologist Matthias Horx. He thinks drinks are lifestyle. Luxury and sustainability are no longer contradictory. For example, a person who enjoys smoothies doesn’t show he is too lazy to snip fruit, but demonstrates spirit of the times, humour and style! According to Horx, drinks will be successful in future if they are presented as “pleasant personalities” and meet the consumers’ desire for health and activity – just like the fruity drink snacks in the handy container for a vitamin boost between times.
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CEE economy still strong but uncertainties rise
Disturbances originating in the US sub-prime mortgage market have widened to affect other markets, but the fundamentals for the EU8+2 are broadly unchanged, although the level of uncertainty has risen.
Read ArticleAustrian legal firm sees Belarussian possibilities
A pioneer in CEE, the opening of new offices in Sofia, Minsk and Budapest further strengthens CHSH's presence in CEE, adding to offices in Poland, Romania, Slovakia, Brussels, and Vienna. "These new offices continue our pioneering work, bringing our clients nearer to CEE growth markets," said Albert Birkner, Managing Partner of CHSH. "Our clients' confidence in our expertise and the acquisition of experienced, highly qualified lawyers in all three countries ideally position us to support our clients' success in CEE" said Peter F. Hoffmann, Managing Partner for CEE.
Read ArticleDuPont to open Bulgarian office
As part of its growth strategy for emerging markets, DuPont (NYSE:DD) today announced the opening of its first office in Sofia, Bulgaria. The Sofia office represents DuPont's growing market reach in Central Europe, following site openings in Poland, the Czech Republic, Hungary, Romania, Baltic countries and Serbia, the latter just last week.
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Kubus celebrating Shrek characters
Maspex Wadowice, Poland, chose a special promotion for their juice and nectar brand “Kubus”: more than 40 different Twist-Off closure designs are printed with all relevant characters of “Shrek” - just in time for the launch of the new movie.
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Delivering bag in the box in Bulgaria
A new joint venture company has been launched in Bulgaria to deliver better localised service and a wider range of bag-in-box packaging and filling systems in South Eastern Europe.
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From red to grey
A World Bank report has found that the countries of Eastern Europe and the former Soviet Union are experiencing a third transition, a transition that overlaps with their recent political and economic transitions. In 2025, more than one in five Bulgarians will be more than 65 years old—up from just 13 percent in 1990. Ukraine’s population will shrink by a fifth between the years 2000 and 2025. And the average Slovene will be 47.4 years old in 2025—among the oldest in the world.
Read ArticleFinance conference for Bulgaria
Over 400 people from all over the world will reflect on “10 Years of Bridging the Market Gap” during the 10th MFC Conference of Microfinance Institutions organized by the Microfinance Centre (MFC) for Central and Eastern Europe and the New Independent States under the auspices of the President of the Republic of Bulgaria, Mr Georgi Parvanov to be held in Sofia Bulgaria from 31 May - 2 June 2007.
Read ArticlePackager sold
One of Europe's largest suppliers of plastic packaging, who own a number of operations in Eastern Europe, has been sold to US-based Sun Capital Partners.
Read ArticleInvestment in Plovdiv mill
In June 2006, Mondi Packaging has closed an agreement to acquire 100% of Paper Factory Stambolijski A.D. (PFS), a Bulgarian kraft paper and containerboard mill with integrated bag converting plant, from the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).
Read ArticleRecycling an increasing success
Over 2.3 million tonnes of steel packaging were recycled in Europe last year. This represents an average recycling rate of 63% in the EU-25, an increase of 6% in recycled tonnage compared to 2004.
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Husky opens CEE office
Husky Injection Molding Systems has announced the opening of its new Vienna sales office. Sales activities, service management, project coordination and customer training are among the offerings at the new facility, which will serve as a gateway to Central and Eastern Europe, and will be headed by Christian Kapsamer, Husky’s General Manager, Central Europe.
Read ArticleBulgaria attracting FDI
A new report has found that Bulgaria has the highest level of direct foreign investment to GDP in the entire Central and Eastern European region, helping to defy a decline in the sector throughout the CEE region.
Read ArticleAlcoa Bulgarian plant operational
Alcoa has officially celebrated its move into its 44th country with the company's first plant in Bulgaria now fully operational.
Read ArticleBulgarian market growing
With the improving economic climate in Bulgaria, not only the quality of the goods but also the quality of the packaging is at a much higher standard. The efforts towards a free market mechanisms and increased imports have resulted in greater consumer expectations towards the quality of packages and packaging materials. Increasing competition among the Bulgarian producers also drives them at more attractive and higher quality packages. All this generates the need for more active exchange of know-how and best practices, applying of new technologies and searching for new markets.
Read ArticleAlcoa opens in Bulgaria
Alcoa (NYSE:AA) today officially celebrated its move into its 44th country with the company’s first plant in Bulgaria now fully operational. The plant, part of the Alcoa Consumer Products business, produces household wrap products, including foil, film and disposal bags under the Reynolds® brand and Baco® brand names for the retail markets in the U.K., Europe and the Middle East. The 12,000-square meter facility, reconstructed on the site of an abandoned industrial park, is expected to employ approximately 200 people.
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