Investment in neighbouring countries

[Turnovec]

Ok, guys . It would be interesting to see here how are the investments flowing between each of the neighbouring EE countries.

I will start with what i know about Bulgaria and its neighbours and if someone knows more please let him correct me.


Romanian in Bulgaria
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Furniture Retailer Mobexpert
Electronics producer Altex
Rompetrol owns gas stations
Domo
Orgachim
neogen.bg

Bulgarian in Romania
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Florina juices
Martineli furniture chain

Serbian in Bulgaria
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Delta bought "Picadilly" retail chain

Bulgarian in Serbia
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FIbank bought "MB bank" Nis
Bulcvet bought cosmetics firm "Nevena" from Leskovac
Bulcvet bought "Metalica" Ivanac
Media Sviat bought newspaper "Pobeda" from Krusevac
Media Sviat bought "Srbijanka"
Rubin Pleven aquired glass factory in Paracin
Brikel bought the tyre factory "Trial" in Krusevac
Italcimenti bought "Vulkan" cement factory, Dimitrovgrad

Macedonian in Bulgaria
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Macedonian construction company Granit(afair), bulding sections from the Struma motorway.
Don't know else(macedonians please help )

Bulgarian in Macedonia
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Litex bought the sugar factory in Bitola
Velder invested in an ironworks near Doiran
FIBank bought Balkanska banka
Cabletel bought 13 cable operator companies


Greek in Bulgaria
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Postbank
Pireaus bank
DZI Bank
Alpha Bank
Cosmote own Globul gsm operator
Etem own the "Steelmet" factory in Sofia
Hellenic Petroleum
Numerous tailor factories in South Bulgaria

Bulgarian in Greece
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Mainly investments in properties and land on the sea shore
of Halkidiki
(If someone knows of other let me know)

Turkish in Bulgaria
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Sise Jam glass factory in Targovishte
Etap Adress transport company

Bulgarian in Turkey
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Prista Oil

Bulgarian in Ukraine
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Prista Oil, terminal on the Odessa port
Glavbolgarstroy construction contracts

Bulgarian in Albania
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FIBank branches in Shkodra, Lezh, Korca, Fier


Overall the biggest investoring neighbours in Bulgaria are Greece and Turkey , while biggest investments of Bulgarian companies abroad are in Serbia.

[Делян]

Originally Posted by Turnovec

Bulgarian in Romania
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Don't know of such(someone help )

http://www.regal.bg/show.php?storyid=378682

[Turnovec]

Thanks I have implemeted that in the list above

[Делян]

Originally Posted by Turnovec

Bulgarian in Serbia
Bulgarian in Macedonia

http://www.technomarket.bg

[RawLee]

Hungarian bank OTP owns
DSK bank in Bulgaria,
OTP bank Romania in Romania
OTP banka Srbija in Serbia
Cnogorska comercijalna banka AD in Montenegro
OTP banka Hrvatska in Croatia
OTP banka Slovensko in SLovakia
CJSC OTP Bank in Ukraine
Investberbank group in Russia.

MOL owns
* Alfagas Ltd.
* GES Ltd.
* INTERMOL d.o.o.
* MOL Földgázszállító Co.
* MOL Slovenija d.o.o.
* MOL-LUB Ltd.
* Petrolszolg Ltd.
* Terméktároló Co.
* ZMB Ltd.

* Explant Ltd.
* Hawasina LLC Oman Branch
* MK Mineralkontor GmbH
* MOL Pakistan Oil and Gas Co
* MOL Yemen Oil and Gas Ltd.
* Moltrade-Mineralimpex Trading Co. Ltd.
* Roth-Heizöle GmbH
* TVK Plc.

* Geoinform Ltd.
* Hexan Ltd.
* MOL Caspian Oil and Gas Ltd.
* MOL Romania PP srl
* MOL Austria Handels GmbH
* MOL-Trans Ltd.
* Slovnaft a.s.
* UBA Services Ltd.
-TVK
* TVK France s.a.r.l.
* TVK Polska Sp zoo
* TVK Ingatlankezelő és Forgalmazó Kft.

* TVK InterChemol GmbH
* TVK UK Ltd
* TVK-Erőmű Termelő és Szolgáltató Kft.

* TVK Italia Srl
* TVK Ukraina o.o.o.
-Slovnaft
* MOL Slovensko, s.r.o.
* Slovnaft Polska SA
* SWS s.r.o.

* Slovnaft Ceska republika, s.r.o.
* Slovnaft Trans, a.s.

* Slovnaft Montaze a opravy, a.s.
* Slovnaft VURUP, a.s.
-Roth
* Egon von Lenz GmbH
* Danuoil Minerlöllager und Umschlags GmbH

* Heizöl Blitz Stadler GmbH
* Rumpold Energie & Brenstoffhandels GmbH

* Alpenkohle Mineralölhandels GmbH

Strabag is owned by austrian company Strabag
Audi is owned by Audi
etc,etc.

[bgrs]

Romanian in Bulgaria - Orgachim AFAIK is owned by a Romanian company. I think Martinelli have opened a store in Bucharest.

Something more interesting: neogen.bg and some BG dating sites are owned by a Romanian internet company. The Ruse's largest ISP is now expanding in Giurgiu and is going to make the town 802.11-enabled, like Ruse.

There are tens of small and middle-sized companies from Ruse operating in Romania as well as many Romanian companies operating in Ruse now. OMV Bulgaria is owned by Petrom, which is owned by OMV-Austria.

Prista Oil built a petrol terminal in Odessa, that's the only BG investment in Ukraine I know of.

I think we have much investments coming from Central Europe - Poland, Chech Republic, Hungary.

Advance EE is a BG investment fund operating in EE.

A Macedonian road construction company participated in building the stretch of the so-called Struma highway.

I think Tesy (http://www.tesy.com/aboutus_eng.php) has already acquired a factory in Northern Balkan, but I am not sure about that.

FIB has a subsidiary in Albania.

[new bulgaria]

Originally Posted by bgrs

FIB has a subsidiary in Albania.

And soon opening branches in Shkodra, Lezh, Korca, Fier: www.fibank.com.al

[new bulgaria]

Originally Posted by delyan

http://www.technomarket.bg

Technomarket is 51% owned by EQUEST now. They wanted to exand to Romania, but now that EQUEST bought their electronics retailer Domo, this is probably not happening.

By the way, Domo is another Romanian investment in BG.

[Turnovec]

btw , does anybody know what are the investors from Como

[Turnovec]

Originally Posted by bgrs

Prista Oil built a petrol terminal in Odessa, that's the only BG investment in Ukraine I know of.

Not just Prista Oil ... I don't know if you remember that flash source files that got mistically wiped off from the server in Ma-st. 3 years ago and i nearly had a heart attack They were for one grand interactive presentation of Glavbolgarstroy that i was doing for 3 weeks ... As far as I remember their presented projects were for some major construction works for quite big money in Ukraine , Russia, Turkey and many of the rest ex-soviet republics Check them out here.

Originally Posted by bgrs

I think we have much investments coming from Central Europe - Poland, Chech Republic, Hungary.

Korado factory near Strazica , Veliko Tarnovo region is one of those .

[new bulgaria]

Originally Posted by Turnovec

btw , does anybody know what are the investors from Como

Austrians but they operate under a different brand in Austria.

[Turnovec]

Some news on the theme from Today :

$ 660 М Czech Investments in Bulgaria

Czech investments in Bulgaria are more than $ 660 million; this was announced by Emil Hashak, representative of Agency for trade support of the Czech Republic.

Reason for the statement is the Czech participation on the International Technical fair in Plovdiv.

Czech firms invest mostly in mechanic engineering, ecology and chemical industry. Only in 2006 the investor that entered from the Czech Republic are more than $ 200 million.

This one is from 27 June ...

The Czechs Want More Bulgarian Investments

We would like to see more Bulgarian companies - investors in the Czech Republic, stated the Czech's Prime Minister Mirek Topolanek.

Today, June 27, Bulgaria's vice PM and Foreign Minister Ivailo Kalfin is attending an official visit in Prague.

The Czech Republic is one of the countries that first opened its labor market to Bulgarians, said Topolanek, adding that this decision was totally correct.

The Czech firms are successful investors in Bulgaria in the spheres of energetic and infrastructure. They will strengthen its positions in the country, explained the Czech's PM.

Both politicians agreed that the achieved agreements, concerning the future intergovernmental conference for accepting the Reforms' Contract, will lead to the effective functioning of the EU after the 5th expansion.

The Czech Republic will join Schengen by the end of the year. The country is ready to share its experience with Bulgaria, which aims to become part of Schengen till 2-3 years.

[bgrs]

Breaking news!

Technomarket is to acquire and merge with the Romanian chain Domo retail. Both companies are owned by Equest. Thus, I think we'll see Technomarket in Romania soon. It has to be approved by the Bulgarian anti-trust comission first:

В Комисията за защита на конкуренцията (КЗК) е постъпило уведомление относно намеренията на К енд К Електроникс ЕООД да осъществи концентрация на стопанска дейност чрез придобиване на контрол върху Домо Ритейл ЕООД, съобщиха от пресцентъра на институцията.

К Електроникс ЕООД управлява обекти за търговия на дребно в България под марката "Техномаркет", които предлагат домакински уреди, електронни продукти и продукти на информационните технологии и комуникациите.

Домо Ритейл ЕООД управлява обекти за търговия в България под търговската марка "Домо" предлагащи същите продукти.

Искането е КЗК да извърши оценка на концентрацията и да се произнесе с решение.

[new bulgaria]

Yes, but we are probably talking only about the DOMO stores in Bulgaria, not the ones in Romania. I don't see the logic of scrapping the DOMO brand in Romania and investing millions of dollars to promote Technomarket.

[new bulgaria]

I post this specifically for our Serbian friends:



Bulgaria is among the 10 most serious investors in Serbian industry for 2006, said Serbian press. The publications are based on the statistical data of Serbian National bank, ranking Bulgaria between UK and Italy as an investor. Although slow privatization processes, industry plenty of problems and old fashion material base Serbia becomes more and more attractive investments destination not only for Western but for Bulgarian business, too. One of the most optimistic trends is that the business is interested not only in sales opportunities but also in manufacturing by opening of modern production facilities.

Bulgarian Trade in Serbia

Among the companies working in the industrial market which invested in trade organization in Serbia are Comet Electronics and ELMARK GROUP. Comet Electronics is specialized in import, export and distribution of electronic components for industrial and telecommunication purposes. The sales office in Serbia is located in Belgrade. Company has also sales structure in Romania. ELMARK GROUP Bulgaria specialized in electric and control equipment opened a factory in Dobrich, Bulgaria, producing complete series of automatic circuit breakers up to 800 A and all kinds of residual current devices under the trade mark ELMARK. There are subsidiaries in Serbia - ELMARK GROUP D.O.O. based in Kragujevac and in Romania - ELMARK GRUP SRL, and also representatives in Macedonia. About the business of ELMARK GROUP in Serbia read on the next page.

Bulgarian sales chains – for example – Bulgarian electronics superstore chain Technomarket already has seven shops in Serbia, plus few Technomobile shops for mobile communication products. Bulgarian Sinergon Holding has in its portfolio Toplivo Belgrade since November 2006. It was established as trade company for heating and building materials. Toplivo Belgrade is based near to the river port Belgrade and has 2000 square meters store facilities. Other BG sales company operating in Serbia is Solytron – one of the leading Bulgarian ITC products distributors, which opened office in Belgrade in 2003 - ICT Solytron.

Big business in Serbia has Tempo Gas - the Belgrade based exclusive representative for Serbia, Bosnia and Herzegovina and Montenegro of Bulgarian Kalvacha Engineering. It has hundreds of installations of LPG stations in the country along with operation in the field of complete gas and petrol stations building and servicing.

One of the most interesting points is entering of multinational trade chains in Serbia through Bulgaria. The examples are more than revealing - Office 1 dealing with office materials and equipment, with near 30 shops in all over Serbia and with contracts with local telecommunication operators and companies. Also, opening of Mr. Bricolage DIY outlet in Serbian town Nish by the registered in Bulgaria Doverie Brico AD (the investor in the chain of shops in Bulgaria, Serbia and Macedonia).

Bulgarian Manufacturing in Serbia

Bulgarian company Rubin bought Serbian glass factory in Parachin on November 9, 2006 for 100,000 euros. The new owner - Rubin JSC, part of DELTA COM Holding Group, takes over the factory's debt (near 130 million dinars) and guarantee to invest 25 million euros in production. Rubin bought the factory in bad situation with the ambition to renew it the way it would become the most successful in the region. The previous management declared they are happy with the deal as the factory will survive and continue to operate.

Prista Oil has trade structure all over South Eastern Europe, including well-developed distribution network in Serbia and in Montenegro. The Bulgarian producer of industrial and motor oils owns 68.3% of Monbat company, based in Montana in Northwest Bulgaria. Monbat established fully owned company in Serbia and invested in a factory in Indjija near Belgrade for used accumulators. It is planned the new factory to be opened in 2008. The town Indjija – famous not only with the big concert of Red Hot Chili Peppers in the end of June, but also with its fast developing industrial zones. The management of Indjija local economic development department is attracting more and more new investors in the last years.

Bulgarian company Kornikom won a tender at 18th April to buy Serbian coal mine Kovin after offering of 16.4 mil EUR. In May Serbian press announced that Kornikom is going to invest about 2 mil EUR within the first year of its ownership.

The biggest state own factory in Krushevac TRAYAL – manufacturer of rubber products (incl. wide range of tyres), protection devices and materials, was bought by Bulgarian company Brikel. Company won the tender last year offering 12,1 mil EUR for 76,9% of TRAYAL capital and projected investments of 25,1 mil EUR, announced Serbian Privatization Agency.

There are still contradictions about the ownership of Lemind factory in Serbia and Lamkos factory in Kosovo. In the beginning of 2005 metallurgical plant Kremikovtzi, then owned by Mr. Valentin Zahariev and his company Finmetals, bought Leskovac factory of pre-painted sheet Lemind and soon later steel sheet galvanizing plant Lamkos (NewCo Llamkos Steel LLC) in the town of Vushtri, Kosovo, for 4,2 mil EUR, plus 15 mil EUR investments promise. The summer same year Mr. Zahariev sold Finmetals – owner of 71% of the metallurgical giant, to Global Steel Holdings. Until May 2007 the plants are considered as separated from the deal and part of Intertrust portfolio when Kremikovtzi officially announcing its ownership of Kosovo plant. Near 80% of Serbian forgery Zastava were bought in October 2005 by Intertrust. The price was 1,8 mil EUR, investment obligations - 3,04 mil EUR and debts - 5,5 mil EUR.

Boom of investments in Serbia

Foreign investments in Serbian market registered record amounts last few years. Due to official financial information the investments from abroad for 2004 were 966 mil dollars, growing by 63% in 2005 (more than 1,5 billion dollars). For the first eight months of 2006 it reached 3,25 billion dollars and reached 4,5 billion dollars in the end of the year. Foreign direct investment in the Serbian economy from the beginning of 2007 stands at approximately 300 mil dollars. Officials said that Serbia may expect foreign direct investment inflow to reach 1.5 billion dollars in 2007. The lower volume is a consequence of the six-months’ halt caused by parliamentary elections – it was a period investors were in wait and see position and privatization of many companies was postponed.

According to the Serbian Statistics Office, the industrial production in the Republic of Serbia in May 2007 saw a 4.3% growth when compared to April 2006, and in comparison with the 2006 average it is by 3.1% higher.

[DanMs]

Albanian companies usually invest in Kosovo and Macedonia

INSIG (Insurance companies and SIGAL)

[3tmk]

meh, bof
When will a EE company buy a Western European, or American, or Japanese big company instead?
And I'm not talking about those giant oil Russian companies, they don't count


I'm sure most of the companies discussed above are partly owned by western companies anyway

[joce23]

An exemple: Rompetrol bought the french company Dyneff which was the the main independent petroleum products distributor in France : http://www.zf.ro/articol_75995/rompe...stributor.html
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Rompetrol to build EUR 10 M oil storage site in Sofia
Rompetrol Group would invest approximately EUR 10 M next year in order to build a new oil storage site in Sofia, Bulgaria. The storage site would have a capacity of 12,000 cubic meters of fuel and 2,400 cubic meters of LNG, Adrian Acatrinei, the managing director of Rompetrol

[nebunul]

What’s happening in Serbia? I know Russia is your main import partner but they seem to be buying everything. Is your gov pro-Russia?

Beopetrol ( Lukoil), HTP Putnik (Metropol), Termoelektro ( Harvinter), Fadip ( Metaloruan), Gosa FOM ( JCS Koks), Rekord (Viza) and there are big chances to buy NIS, JAT Airways etc. Its a matter for your country to decide of course but IMO EU will in this case avoid your membership as long as possible

[7t]

Most of the investments in Albania come from Italy and Greece. There are over 160 italian companies operating in the country. Dont know the figures of greek investors but they're right up there.