Vitaminka, the Macedonian food group, is to use finance from the European Bank of Reconstruction and Development, to expand its chocolate range.

The bank said it is providing a EUR2m loan to finance a new “chocolate-flavoured product line” and the construction of a new warehouse.

In a statement, Sasho Naumoski, Vitaminka’s general manager, said: “Part of our growth relies on investing in new equipment. This results in improvement of product quality. It is crucial to keep up with the rapidly changing world and this new investment backed by the EBRD is a step towards achieving this goal.”

The EBRD, which has leant EUR9.5m to Vitaminka for various projects, is weighing up another EUR4m of finance for further investment in chocolates and soft biscuits.

Vitaminka exports over 45 per cent of its output, with its major markets including other countries in the Balkans like Serbia, Croatia, Bosnia and Herzegovina, Slovenia, Kosovo, as well as Australia and the US.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData