Krka Pharmaceuticals is Europe’s seventh largest generic drug producer with 2.4 billion Euros as its market capitalization. The said company is Slovenia’s largest company which is planning to remain independent. Furthermore, according to their Chief Executive Mr. Joza Colaric, they are also planning to takeover some companies within Europe and are pursuing in doubling the investments this 2010. This hasn’t been confirmed if it will take part this year yet remained a possibility for the company’s goal of expanding their business.
To further expand their capacity of producing different drugs, the company plans of taking over small or perhaps medium sized companies. With this step, Krka can be able to produce new products as well as open new markets. With this market plan, they are expecting a rise in their sales from 6 percent which is about 1 billion Euros though their previous post states only a 0.1 percent growth in the year 2009 due to currency losses. Krka Pharmaceuticals have been mainly affected with the decreasing local currencies from the countries Ukraine, Russia as well as Poland.
The company is anticipating a triple production within the next three year from its Moscow factory which will be their major investment this year. The said investment will be financed mainly from the company’s cash plus bank loans wherein they still have good access. Plus, the said company also plans to increase their employees from in the years to come.
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Are you looking forward to owning a property with a European location? Luckily, Slovenia may become one of your options. Slovenia, a small European country, is considered among the top 15 cleanest country around the globe as well 2nd most forested country in Europe. Currently, the country is experiencing increasing demand or offer though the country wasn’t spared by the world wide economic crisis.
Properties in Slovenia’s capital city, Ljubljana are much cheaper than other properties located within Europe. According to the Slovenian Real Estate, an amount of 1,500 to 3,000 Euros per square meter is the estimated cost of properties located in Maribor as well as Ljublana. Plus, you can own a decent apartment only costing you 100 to 200 thousand Euros. Aside from properties located within the major cities of Slovenia, you can also avail of a small two bedroom property with a few hectares of land only costing you 80 thousand Euros.
If you love a picturesque view, you may want to own a property in the Nor West part of the Julian Alps as well as the famous Soca River Valley. Though the property cost higher than the usual prices within the country, it is much cheaper compared to the alpine regions of the countries France, Italy, Switzerland as well as Austria.
If you happen to be an interested buyer, a European Union or United States citizen, then you can read through the rules in purchasing real estate in Slovenia. You can also opt to hire an experienced agent you is very familiar with the country. You must also assess yourself of what place do you want to live in before purchasing any property. If you’re not planning to move permanently in Slovenia, you may also need to deal with hiring a property management company to take care of your property while you are outside the country.
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GEN Energija, Slovenia’s Ministry of Economy, recently received an application from Slovenia’s Krsko nuclear power plant seeking for the approval of a second reactor which is supported by technical studies as well as analysis. The supporting studies show that it is justified to proceed with the construction based on the country’s energy, economic as well as environmental views. The said application would supply enough energy, plus reliable and safe supply with competitive and long-term predictable value. What’s good also about this second reactor is that it has no virtually greenhouse gas emissions.
Just like other countries, the Slovenian government’s permission must be sought before any power facility can begin any sitting procedures particularly with a generating capacity of more than 1 MWe. Like what Slovenia’s Krsko nuclear power plant did, an application must be submitted to the minister of economy and it has to provide the information on the type and size of the proposed plant, conditions for the supply of energy from the plant, as well as plans for its decommissioning at the end of its operating life. Luckily, the said application was formally verified by GEN Energija as well as stated that the Krsko nuclear power plant second reaction is in line with Slovenia’s energy policy.
This said plan also requires a new reactor to be built at the same plant with about 1000 MWe capacity. When approval is verified, a detailed plan should be initiated which is expected to happen later this year. It is estimated to be completed within 2020 and 2025 with an estimated cost of €5 billion ($7 billion).
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