1915 Canakkale Bridge Put in Service

May 2022 1915 Canakkale Bridge was put into service on 18 March 2022. 4,608-meter-long bridge connects two coasts of Canakkale. It is expected that the construction of the bridge will also have a significant affect on the development of the region by enabling the integration of ports, railway and air transportation systems in the Marmara and Aegean regions. The project’s contribution to the economy is estimated to be EUR 628 million. It also has an impact of (i) EUR 2 billion 442 million on national income, and (ii) EUR 5 billion 362 million on production activities.

Crni Vrh Wind Farm

May 2022 This is a wind farm project with envisaged installed capacity of 50 MW in the mountainous area of Eastern Serbia. The project in permitting stage which is expected to be completed during 2022. The project is being developed by two local development companies who are looking for an outside financial investor. The cost of the construction of this 50 MW wind farm is estimated at around EUR 100 million.

Pumped Storage Hydro Power Plant Djerdap 3

May 2022 Serbian Ministry of Mining and Energy plans investment into a new large-scale pumped storage hydropower plant Djerdap 3 with installed capacity of 2,400 MW. The investment in Djerdap 3 is estimated at several billion euros and would most likely require cross-border arrangements with Romania and Bulgaria.

Sale of Several Tourism Facilities

May 2022 Sava Turizem Sava Turizem d.d. and its umbrella brand Sava Hotels & Resorts is the largest Slovenian tourism company in Slovenia that operates 7 destinations: Sava Hotels Bled Terme 3000 – Moravske Toplice Terme Ptuj Zdravilišče Radenci Hoteli Bernardin Portorož  Salinera Resort Strunjan San Simon Resort Izola(under management)  The largest owners of the Sava Group are the financial fund York Global Finance Offshore, which had a 43.23% share at the end of 2020, followed by the state-run fund KAD with 28.05% and the state’s capital assets manager Slovenian…

Sale of 100% Equity and 28 Million EUR of Claims Towards the Company Alpina

May 2022 The Bank Assets Management Company (BAMC) has been selling 100% equity and all its claims (EUR 28 million) towards the company Alpina. Alpina is a sports and fashion footwear manufacturer, globally best known as the first choice of Olympic and World Cup winners in cross-country skiing races. BAMC became the sole owner of Alpina in 2015 after the conversion of receivables into capital, the expropriation of the previous owner of Alpina holding, and finalised compulsory settlement. BAMC stated that they believe that they have done everything to rehabilitate and stabilize the business…

One United Properties Plans EUR 234 Million Investment in 2022

May 2022 One United Properties, a major Romanian real estate company, plans to invest EUR 234 million in the expansion of the local market. The company has 4 residential and 2 retail projects under development, with new projects being planned. In the first nine months of 2021, One United Properties posted a turnover of approx. EUR 127 million and a profit of approx. EUR 48 million.

Serbia and IFC Cooperating on Port, Infrastructure Development

May 2022 The Minister of Construction, Transport and Infrastructure and the Regional Manager for Central and Southeast Europe of the International Finance Corporation (IFC) signed an Agreement on cooperation in public projects of public-private partnership (PPP) in the field of infrastructure. According to the agreement, the IFC will cooperate with the Ministry of Construction, Transport, and Infrastructure in drafting quality documentation for public-private partnerships in infrastructure projects, and IFC will bear 80% of the costs. The first two projects, by the implementation of this agreement,…

HRADF to Launch an International Tender

May 2022 HRADF will launch an international tender to sell a 49% equity stake in Hellenic Electricity Distribution Network Operator (DEDDIE) by the end of the year. PPC will be the seller and the tender will envisage strong rights for the minority shareholder, while all legal-accounting preparations will be implemented by the time the tender will be launched, George Stassis, chairman and CEO of PPC said, predicting strong investment interest for the distribution grid. 

LNG Terminal on the Island of Krk

May 2022 The aim of the project is to increase the security of supply and ensure sufficient quantities of natural gas for the needs of the Republic of Croatia and the countries of the region.  The project involves the construction of an LNG terminal with an area of ​​35 ha, with a capacity of 15 billion cubic meters of natural gas, and the possibility of accepting the largest LNG ships, with draft depths up to 18 m. Real estate status: Dina-Petrokemija d. D. In bankruptcy, maritime domain Implementation model: open negotiation opportunities.

Wind Farm „Derala 87 MW“

April 2022 There are two potential scenarios for the realisation of this project, one that includes the installation of 29 Vestas turbines with a total cost of EUR 109 million and the other that includes the installation of 29 China turbines with a total cost of EUR 78.9 million. The preliminary choice of turbines, as it now stands, is Vestas V 112, 3.0 MW, 119 mph with 87 MW of installed electric power. The total investment will depend based on the set of turbines used and it will amount to EUR 109 million for the Vestas or EUR 78.9 million for the China turbines. Thus far, this project has…

Solar Power Plants in Croatia

May 2022 The first tender for solar power plants with an installed capacity of more than 500 kW (quota of 300,000 kW) was announced this year and causing a large increase in the development of solar power plant projects with higher capacities. One of the greatest solar potentials is that solar power plants are being built mostly in coastal and island areas, which Croatia has in abundance. For example, renewable energy sources are a very important component of the development of the Primorje-Gorski Kotar County and are contained in all strategic documents. The goal is to achieve a high share of…

Grid-Tied Solar Plant

April 2021 The project is an investment in a photovoltaic power plant with a capacity of 85 megawatts. The investment is expected to be EUR 63 million.