P&O Maritime, owned by the world’s largest port operator DP World Group, has officially entered the Ukrainian market, acquiring a controlling stake in the towing company LB Shipping. The deal had been in the works since Ukraine’s Minister of Infrastructure, Volodymyr Omelyan, signed a memorandum of understanding with P&O Maritime in 2016. Continue reading P&O Maritime Enters Ukrainian Market
Central and Eastern Europe (CEE) has made real progress after decades of underinvestment, not least the 5600 kilometres of new motorways which have been built over the last 20 years. However, as much as 615 billion euros needs to be invested in infrastructure and logistics if the CEE region is to bridge the gap with Western countries, a PwC report has found. Continue reading CEE Must Improve Infrastructure and Logistics
Azerbaijan Airlines (AZAL) has announced expansion plans both on the ground and in the air. The state-run carrier, with its head office and flight operations at Heydar Aliyev International Airport in Baku, wants to create a free economic zone on the airport’s territory Continue reading Growth Continues for State-Owned Azerbaijan Airlines
In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda, MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region
In ten years’ time we’re planning to be managing an industrial space of some 15 million sqm, across Central and Eastern Europe and beyond, says Remon Vos, CEO at CTP. He spoke to Jerry Cameron about the growing demand for warehouse space in CEE and the company’s plans to satisfy that demand. Continue reading Building on CEE’s Established Reputation for Quality and Value
In 2017, Minsk International Airport will offer new direct connections to European and Asian destinations. One of them is Brussels and the route will be operated by the Belarusian national carrier, Belavia.
By 2014, €15.8 billion, or over 23 per cent of Belarus’ GDP, was the foreign direct investment (FDI) stock in the country, according to UNCTAD’s World Investment Report from 2015. Foreign companies invested €1.7 billion in Belarus in 2013 alone. 2014 and 2015 saw an FDI of about €1.4 billion respectively, according to the Vienna Institute for International Economic Studies (WIIW).
Andrew Wrobel spoke to the CEOs of Austrian Velcom; Swiss Stadler; Priorbank, owned by Austrian Raiffeisen; Irish Pure Energy Intelligence and senior representatives of Austrian Kapsch and German Salamander about their experiences in Belarus.
Poland has become one of the best logistics markets in Europe. As a result, 2014 should see further growth in demand for warehouse space as the country strengthens its role as a logistics centre for the CEE region, according to CBRE’s Poland Industrial Destinations 2014.