Concessions for Public Transport of National Importance
June 2023
After the Ministry of Transport and Communications successfully finalised concession procedure for the civil airport in the capital city of Sofia, it announced further plans for potential concessions for public transport of national importance. They include Black Sea ports in Varna and Burgas, Danube river ports in Ruse and Vidin, and an intermodal terminal in Dragoman. The procedures for awarding the concessions have not been started yet.
Romania’s Transgaz Begins Works at EUR 500 Million BRUA-Black Sea Pipeline
June 2023
Romania's natural gas transport system operator Transgaz signed with a Turkish construction company the works commencement order for the execution of the Tuzla-Podisor gas pipeline, a EUR 500 million project aimed to bring natural gas from offshore Black Sea perimeters to the BRUA corridor.
The works commencement order comes three months after Transgaz signed on March 16 the capacity booking contract with OMV Petrom and Romgaz for the entry/exit point of Tuzla, where the natural gas from the Black Sea (Neptun Deep) will enter the national transport system - NTS.
Background information:…
Ispartakule-Çerkezköy Railway Project
June 2023
The project aims to increase passenger and freight capacity, safety and speed of rail transport between Turkey and the European Union via the construction of a high-speed rail between Ispartakule and Çerkezköy. The project is a part of the new high-speed railway (the Halkalı - Kapıkule railway line) between Istanbul and Kapıkule near the Bulgarian border. The Halkalı - Kapıkule railway line will connect Turkey’s railway network with the Trans European Transport Network through Bulgaria and will, therefore, set a milestone for the railway connectivity between Turkey and the European…
Battery Development and Production Factory
June 2023
In June 2023, Ulu Motor, a subsidiary of Ulubaşlar Group which is a leading company in the automotive sector in Turkey, has signed an agreement with Chinese electric vehicle manufacturer, Skywell, on the opening of a battery development and production factory in Turkey. Initially, the factory will serve as the battery production factory for Skywell cars. There are further plans to establish a vehicle production line and spare part supply system and manufacture of vehicle parts.
In accordance with the agreement, the factory’s construction is expected to be completed in the first quarter…
Investment of Croatian Electricity Company (HEP) – SE Korlat
June 2023
By 2030, HEP intends to increase the share of renewable sources in the production portfolio by 50 per cent and to increase the annual production from renewable sources from the current six to nine billion kWh. At the moment, HEP has more than 60 renewable energy projects in various stages of development, with a total capacity of around 1,400 MW and an estimated investment value of almost 1.5 billion euros. SE Korlat stands out among them, with 75 MW of connected and 99 MW of installed capacity and an estimated investment value of around 80 million euros, which will be built right next…
Investments in Green Energy
June 2023
Croatian privately held investment group Energia Naturalis (ENNA) has started preparations for an initial public offering (IPO) and plans to put more than EUR 1.0 billion (USD 1.07 billion) into green projects in Croatia.
Subway Investments
June 2023
The Istanbul Metropolitan Municipality and Metro Istanbul have announced that there are seven metro lines including line extensions to be constructed. These are as follows:
Göztepe-Ümraniye Metro Line is currently under construction and expected to be opened in 2024
Kirazlı-Halkalı Metro Line Extension is currently under construction and expected to be opened in 2024
Kirazlı-Bakırköy IDO Metro Line Extension project will commence in 2024 and is expected to be completed in 2025
Tavşantepe-Tuzla Metro Line Extension is currently under construction and expected to be opened…
Sale of a 100 % Shareholding in UNIOR Components d.o.o., Kragujevac, Serbia
June 2023
Unior Components D.O.O. Kragujevac is an enterprise based in Serbia. It is owned by UNIOR d.d., based in Slovenia, and operates in the Machine Tool Manufacturing industry. The latest financial highlights indicate a net sales revenue drop of 1.73% in 2021. A growth of 4.4% was recorded in its total assets. In 2021, Unior Components D.O.O. Kragujevac’s net profit margin decreased by 3%.
Wind Farm Vlasic
June 2023
Vlasic is a mountain in central Bosnia and Herzegovina and a popular skiing resort. The mountain is windy and has excellent energy potential. Therefore, in 2015, Elektroprivreda BiH invested in a large construction project worth EUR 64.6 million. When completed, it will have installed net electric power of 48 MW and will generate 98 GWH of annual power. The construction should begin in 2024.
Tunnel Under Petrohan Pass
June 2023
The idea to build a tunnel under Petrohan Pass existed for years. The aim of the project for tunnel under Petrohan Pass is to facilitate the trip to North-Western Bulgaria and shorten the distance to Romania. It will also shorten the trip between the Greek port Thessaloniki and the Bulgarian port Lom.
An Environmental Impact Assessment is currently being carried out. It can be expected that after the assessment completion the state will seek funding for the project.
Adriatic Hub New Logistic Centre
June 2023
The logistics company DPD Croatia, which operates as part of the global Geopost group, has started the construction of a new sorting and logistics center called the Adriatic Hub, which will process parcels for both Croatia and Slovenia. This is DPD's largest investment in infrastructure improvement in the new and largest distribution center so far, in the amount of EUR 23 million, while the value of the technological investment is EUR 10 million.
Construction of New Grain Terminal at the Black Sea Port of Varna
June 2023
The new grain terminal will be developed and operated by Logistic Centre Varna, a subsidiary of Buildcom Group. Buildcom is one of the country’s largest traders of grains and fertilizers. It is expected that the terminal will become operational in the second quarter of 2026. It will consist of a new quay, a silo and other storage facilities, as well as a new railway and road access.
The investment in the new grain terminal amounts to EUR 100 million. The European Investment Bank has approved a EUR 50 million loan to co-finance the project.
