E-bike Plant In Plovdiv

September 2021 It was announced by the Bulgarian Ministry of Economy, that Austrian motorcycle producer Pierer Group and Bulgarian bicycle manufacturer Maxcom have signed an agreement to jointly invest over BGN 60 million (approximately EUR 30 million) in the construction of an e-bike plant in Bulgaria. The new plant for electric bicycles and other two-wheeled electric vehicles will be located on 131 decares in Trakia Economic Zone, Plovdiv and will provide 1000 new jobs for Plovdiv and the region.

Tender for the Award of Concession for Two Montenegrin Airports

September 2021 On 25 November 2019, the following companies expressed their interest. The total deal value is up to EUR 300 million. Four companies, out of seven initially applied, have been shortlisted for the second round of the tendering procedure: Incheon International Airport Corporation from South Korea; GMR from India; Groupe ADP with TAV; Corporacion America Airports from Luxemburg. GMR has been eliminated from the process in the meantime because ADP recently acquired a 49% share in GMR. The entire tendering procedure has been delayed several times until now. The latest…

Airport Investments

The Investment Office states that increasing the total passenger capacity of the Turkish airports to 350 million per year is aimed at an expected investment amount of USD 30 billion.

BOYANOV & Co. Advised Econt Financial Services in Obtaining E-money Institution Licence from the Bulgarian National Bank

On 10 June 2021, the Governing Council of the Bulgarian National Bank granted an e-money institution licence to Econt Financial Services EOOD.

NNDKP Acts as Romanian Local Counsel in connection with CTP’s Listing on Euronext

(NNDKP was part of an international team of lawyers that assisted CTP in connection with its Initial Public Offering (IPO) on the Euronext stock exchange in Amsterdam.

NNDKP Attorneys Obtain Landmark Decision on the Requirements Imposed on Tenderers in a Public Tender Procedure Regarding the Modernisation of a Romani...

NNDKP has successfully assisted and represented a private company in a dispute resolved by the Bucharest Court of Appeals, concerning the requirements imposed on tenderers in a public tender procedure organised for the modernisation of a Romanian railway line.

Illegal State Aid Threatens to Sink Montenegrin Maritime Transport Companies

Following the decision on opening an investigation into alleged illegal state aid to Montenegrin airline company Montenegro Airlines, which led to grounding of its airplanes and termination of transport operations in December 2020, the Montenegrin Agency for Protection of Competition has opened two more investigations into alleged illegal state aid granted to state-owned transport companies.

Concession Launched for a Touristic Port in Vlora

The Ministry of Infrastructure and Energy has launched a BOT concession/PPP project for the construction and operation of a touristic port in the city of Vlora (Marina Vlora) to last 35 years.

Durres Touristic Port

The Albanian Government has announced its plan for the adoption/construction of a touristic Port of Durres and the construction of the commercial port in the northern part of the city. No further information is available.

Financing of Belgrade Metro Project

Belgrade metro will consist of two lines that should be developed in two stages in the period 2020 – 2025. The total value of the project is approximately EUR 4.4 billion. In September 2019 the Work group, formed by the Serbian government, decided that the Republic of Serbia will be the investor in developing the Belgrade metro. However, it is still not entirely clear how the project will be financed – directly from the State budget with loans from development banks or through some form of private-public initiative. The Work group also decided that the Government should name a special financial…

Privatisation of the State-owned Companies

The Serbian Ministry of Economy informed that in the following months it will announce the sale of six state-owned companies, including: Simpo – furniture production; Lasta – a bus operator providing transport of passengers on local and international routes (Europe); Trayal – all types of rubber tyres, various protection materials made of rubber, explosives and pyrotechnics; Yumco – clothes and fabrics; acting as a long-term garment supplier for the military; MSK – methanol and aceatic acid, exported to customers in Serbia and globally; Petrohemija – company specialised…

Saranda Touristic Port

The Albanian Government has announced its plan for the construction of the touristic port in Saranda. No further information is available.