EBRD Provided EUR 50 Million Loan to the City of Zagreb

September 2022 The European Bank for Reconstruction and Development (EBRD) is providing a EUR 50 million loan to the City of Zagreb, the capital of Croatia and its largest city, to support its vital public utilities, including water and transport. The EBRD’s loan will be on-lent as working capital to two critical infrastructure providers: Zagrebacki Holding (ZGH), the municipal holding entity responsible for water supply and wastewater collection, waste management, management and maintenance of public areas and public roads in the city; and Zagrebacki elektricni tramvaj (ZET), the public…

Investment Round for Agave Games

September 2022 Mobile game start-ups, which have become one of the most popular areas of our start-up ecosystem, come up with a new investment every day. Agave Games, which completed its pre-core investment round in September of last year, announced that it has received a new investment. According to the information provided by Agave Games, the venture received an investment of USD 7 million in the seed investment round. Agave Games' USD 7 million seed funding was led by London-based Balderton Capital, which was among the investors of Dream Games, one of the most important initiatives of Balderton…

Gokceada Renewable Power Plant Project

September 2022 The 2-megawatt renewable power plant in Gökçeada will be integrated into the virtual power plant system to be established and will enable electricity supply from clean sources. In the virtual power plant project (VPP4Island), which includes 19 partners from countries such as England, France, Italy, Spain, Germany, Denmark and the Netherlands, Turkish Electricity Generation Company (EUAS)'s stakeholders are Bozcaada Municipality, Troya Environment Association and Inavitas. 70% of the total cost of EUR 7.2 million of the project, which will be implemented under the EU Horizon 2020…

Public Calls for Choosing Heat Energy Providers

September 2022 The Government of North Macedonia has published the public calls for choosing a provider for regulated production of heat energy, distribution of heat energy, and supply of heat energy. The Government intends to choose providers of the abovementioned energy activities (which are considered as public services) to meet the needs of consumers on the territory of Skopje in several municipalities, ahead of the upcoming heating season. All legal entities established in North Macedonia who meet the criteria from the tender documentation can participate on the public calls and send their…

EBRD Lends EUR 43 Million to Taaleri-ENCRO JV for Two Wind Farms in Croatia

September 2022 The European Bank for Reconstruction and Development (EBRD) is helping to speed up Croatia’s transition to clean energy by helping to finance the construction of two new wind farms. The bank is extending a EUR 43 million loan to Kunovac d.o.o., a limited liability company jointly owned by Taaleri Energia’s SolarWind II Funds and ENCRO Kunovac d.o.o., for the first utility-scale renewable project in Croatia developed outside of a renewables subsidy scheme. The EBRD proceeds will finance the construction and operation of two onshore windfarms in the Zadar region, with a joint…

Wind Farms in Lezha, Northwest Albania

September 2022 Two new wind farms, named BPGE1 and BPGE2 (114 MW and 120 MW, respectively), are planned to be built by an Albanian-Italian consortium of “Biopower Green Energy” SHPK and "Marseglia Group" srl in the mountain ranges of Renc and Kakariq, parallel to the coastline in Shengjin and Balldren, Municipality of Lezha (Northwest Albania). The estimated investment value is EUR 244 million. The project was awarded a strategic investment status which gives to private investors access to administrative assistance and support programs, including the right to acquire for free state-owned land…

Akkuyu Nuclear Power Plant

Akkuyu Nuclear Power Plant in Mersin is expected to become a major energy resource for Turkey.

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.

Durres Touristic Yachts and Marina ProjectPort

September 2022 Since 2020, the Albanian Government has announced its plan for the adoption/construction of a touristic Port in Durres. In a media release, the Prime Minister’s office announced that certain talks are being held with the company Symphony Invest Limited, part of the group of companies of Mr. Mohamed Alabbar, who is also managing the United Emirates’ based EMAAR Group. Initially, the Albanian Government stated that the project would be awarded under a competitive process. However, subsequently, the Albanian Government awarded the status of strategic investor to the company “Symphony…

De’Longhi Plans to Invest EUR 20 million in a Third Factory in Satu Mare

July 2022  Italian group De’Longhi, one of the most important players in the local production of electrical household appliances, which already owns two factories in Romania, in Cluj and Bihor counties, has recently bought a plant in Satu Mare and plans to invest EUR 20 million in this project.  

Sarom Packaging EUR 3.2 million New Investments

July 2022  Sarom Packaging, a company operating in the glass packaging and relevant consultancy market, has announced EUR 3.2 million in new investments for increasing its storage capacity and for opening new branches over the next four years, aiming to harmonize distribution flow elements and secure stocks. The company is already present in three countries apart from Romania, namely the Republic of Moldova, Bulgaria, and Hungary.  

Mercedes-Benz investment in Romania

August 2022 Mercedes-Benz is preparing a massive investment in Romania, worth nearly EUR 135 million, and has requested EUR 37 million in financial aid from the state for this purpose. In the spring, the group announced that it planned to develop some projects in Romania to switch to the production of components for electric vehicles, through major investments in the following period, according to the message transmitted to the Romanian authorities.