Thessaloniki gets ready for its metro launch in November
The underground rapid transit lines have been under construction for almost two decades due to various project delays
The Bulgarian economy is counting on highly competitive, successful companies
On 21 July, the Minister of Economy of the interim government in Bulgaria, Kiril Petkov, attended the signing ceremony between Maxcom Ltd. and PIERER Mobility AG. The two companies have started a joint venture intended to make Plovdiv the leading e-bike manufacturing capital of Europe.
The new factory for e-bikes and other electric two-wheel vehicles will be located in Trakia Economic Zone, the biggest economic project in the country, attracting over 1.2 billion euros of fixed capital investment while clustering public and private partnerships.
The two companies are forming a 50/50 joint venture with plans for the construction of a new factory occupying 131 acres of land. The total investment sits at around 40 million euros with the facility scheduled to be completed by 2023. Its annual production capacity of 350,000 units will provide at least 1,000 jobs for Plovdiv and the region.
The Bulgarian company Maxcom is the largest bike manufacturer in Eastern Europe, with 95% of its production being exported to the rest of Europe. The company already produces mainly R RAYMON bikes for Pierer E-Bikes GmbH, but increasingly also Husqvarna E-Bicycles.
At the same time, the Austrian PIERER Mobility Group is Europe's leading "Powered Two-Wheeler" manufacturer (PTW). It specialises in premium motorcycles with brands like KTM, HUSQVARNA Motorcycles and GASGAS. Since the takeover of PEXCO’s e-bike business, the company is looking for ways to branch out into the attractive market of sustainable, low voltage (48 volts) two-wheel vehicles.
Minister Petkov was quoted in a press release, saying that this is a unique opportunity for the country, giving it the chance to become a leader in Europe. He added that if 15% of Bulgarian companies could reach similar agreements, the country’s GDP would double.
He continued: “The Bulgarian economy counts on exactly these types of highly competitive businesses”.
If you want to keep up with how European cities and regions are changing, follow us on Facebook, Twitter and Instagram.
The underground rapid transit lines have been under construction for almost two decades due to various project delays
Now you can get your wine in Talence by paying directly in Bitcoin
That’s because the state has to spend money on updating the railway infrastructure rather than subsidizing the cost of the popular pass
Rethinking renewable energy sources for the urban landscape
The examples, compiled by Beyond Fossil Fuels, can inform and inspire communities and entrepreneurs that still feel trepidation at the prospect of energy transition
Now you can get your wine in Talence by paying directly in Bitcoin
The 10th European Conference on Sustainable Cities and Towns (ESCT) sets the stage for stronger cooperation between the EU, national and local level to fast track Europe's transition to climate neutrality.
At least, that’s the promise made by the mayor of Paris, Anne Hidalgo
The underground rapid transit lines have been under construction for almost two decades due to various project delays
At least, that’s the promise made by the mayor of Paris, Anne Hidalgo
Hostal de Pinós is located in the geographical centre of the autonomous region
Despite its church-y name, the district has long been known as the hangout spot for the artsy crowds
Urban dwellers across the EU are having a say in making their surroundings friendlier to people and the environment.
Forests in the EU can help green the European construction industry and bolster a continent-wide push for architectural improvements.
Apply by 10 November and do your part for the transformation of European public spaces
An interview with the Mayor of a Polish city that seeks to reinvent itself
An interview with the newly elected ICLEI President and Mayor of Malmö
A conversation with the Mayor of Lisbon about the spirit and dimensions of innovation present in the Portuguese capital