The European Bank for Reconstruction and Development is to buy a 33% stake in a potato processor in Kosovo.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The EBRD, which has invested in central and Eastern Europe since the fall of Communism in the early 1990s, plans to spend EUR1.9m (US$2.8m) in Pestova, one of Kosovo’s few exporters.
Claudio Viezzoli, EBRD director for the Western Balkans, said: “This project demonstrates that even small but profitable and well-managed companies with a strong commitment to corporate governance and a good business plan can benefit from EBRD financing.”
In September, the EBRD moved to become a shareholder in a subsidiary of French dairy group Fromageries Bel.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
