Bulgaria recorded annual inflation of 13.4% in May, according to provisional data, marking the highest increase in consumer prices among the EU member states in Southeast Europe (SEE) and the fifth-highest in the bloc, the EU's statistical office said.>>
The European Commission said on Monday it approved a 500 million euro ($527 million) Romanian funding scheme made available through the Recovery and Resilience Facility (RRF) in order to support the growth of new forest areas.>>
The European Investment Bank (EIB) said it has provided a 1.5 million euro ($1.58 million) technical assistance grant to Kosovo to back a project for the expansion of the district heating system in the capital Pristina.>>
UK-based renewable energy company Cindrigo said it has signed a deal to acquire 90% of Croatian company EES Dravacel Energetika, which holds a geothermal exploration licence, with a view of developing a 20 MW geothermal power plant.>>
North Macedonia's supermarket chain operator KAM said it has opened a new logistics centre in Skopje, following investment of 12 million euro ($12.6 million).>>
COMPANY PROFILE
Kam DOOEL is a North Macedonia discount stores chian operator.
As of March 2022, the company operates a retail chain of 79 discount stores throughout the country.
