Sweet! French retail corporation Carrefour is moving its bakery division, Atelier Eclair, to a state-of-the-art production site in Ternat, Flanders. There, it will experiment with new recipes, ingredients and baking techniques, inspired by Flanders’ longstanding bakery tradition. Planned for launch in 2022, the site will be responsible for the lion’s share of cakes, pastries, eclairs and other sweets destined for the Belgian market. With a total investment of EUR 28 million, the project is set to create 20 additional jobs.

Moving its e-car production into top gear, Swedish car manufacturer Volvo Cars is channeling no less than EUR 150 million into its existing production site at North Sea Port Ghent. The overall goal? To turn Volvo Car Gent into a fully electrified production hub. Generating at least 500 new jobs, the investment project will make sure that the Flanders-based site plays a pivotal role in Volvo Cars’ global ambitions to be climate neutral by 2025 and fully electrified by 2030.

Since 2013, Flanders Investment & Trade (FIT) has been hosting the annual Foreign Investment Trophy ceremony to celebrate, highlight and recognize the efforts of foreign companies that decide to invest in Flanders.

Besides the Foreign Investment of the Year Trophy, FIT will present two additional trophies. The Lifetime Achievement Trophy will be awarded to a foreign firm with a longstanding history and track record in Flanders, and the Newcomer of the Year Trophy will go to a foreign company that has just invested in the region for the very first time. Stay tuned for the reveal of all winners on 22 March!