Standards across the Bosnia & Herzegovina food industry should rise following the injection by the European Bank for Reconstruction and Development (EBRD) of EUR25 million into the country’s leading food retailer VF Komerc.

This EUR16m loan and EUR9m equity investment will help refit existing stores and enable Komerc to acquire new stores across Bosnia & Herzegovina.

A bank memorandum said the money would strengthen the chain’s “position in the local food retail market and help it develop a more modern retail format…providing more consumers with better quality products.”

An EBRD official added the improvements would “have a demonstrative effect for other local entrepreneurs.”