Economy of the United States

Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which already has distribution warehouses in Europe, the Middle East and North Africa after a string of acquisitions.

One more company has expressed an interested in the gas and oil exploration opportunity now opening along the Bulgarian Black Sea coast.

After Exxon Mobil stated that it will be very much interested in the tenders in Teres and Silistar Tuesday, now Anadarko has joined the club of possible investors.

General Motors has announced $5.4 billion in new U.S. plant upgrades over the next three years, including in three sites in Michigan, the traditional hub of the U.S. auto industry.

American IT giant Hewlett-Packard, one of the biggest investors in Bulgaria, has opened a hi-tech lab in Bulgaria.

The facility, which occupies and area of 300 square meters in Business Park Sofia, will be used for the simulation of technological and business processes and the training of experts of the company in Bulgaria.

Proto Thema's latest investigative article on the controversial decision to directly award a US$500-million contract for the upgrade of five maritime surveillance planes revealed that the current defense ministry general secretary, Yiannis Tafylis, was previously involved in offsets program run by Lockheed-Martin, the contractor for the upgrade.

Proto Thema revealed that the six P-3B jets that Greece is willing to pay Lockheed Martin 500 million dollar to renovate are sitting abandoned at the Hellenic Aviation base in Tanagra and the facilities of Elefsina, west of Athens. The serial numbers (buno) of the aircraft at the base show that they are the ones in questions.

The defence contractor tapped, in a direct tender, to upgrade Greece's old and inactive maritime surveillance planes says the deal isn't in Athens' best interests!

Novinite has interviewed Vassil Terziev - co-founder and CEO of Telerik AD and current Chief Innovation Officer of Progress Software.

A US delegation has arrived at the Bulgarian Energy Ministry for negotiations, the ministry has confirmed.

The "working visit", which will not be followed by a joint conference, comes just a day after Prime Minister Boyko Borisov put into question a joint project with US-based Westinghouse Electric Company.

HPK Engineering to manage Zelezara Smederevo

BELGRADE -- The Serbian government has decided to entrust the management and consulting of Zelezara Smederevo to the company HPK Engineering BV.

The Holland-based company is represented by John Goodish and Peter Kamaras.