EBRD lends EUR 2.5 million to Macedonia's Vitaminka for modernization projects

The European Bank for Reconstruction and Development (EBRD) is continuing to support the development of the private sector in the Western Balkans with a €2.5 million loan to one of the leading branded food producers in FYR Macedonia – Vitaminka, the EBRD said in a statement today.

Vitaminka is one of the largest agribusiness companies in FYR Macedonia, producing a wide array of branded food products under its own name as well as for other private labels.

The company exports over 40 per cent of its products, primarily to Serbia, Croatia, Bosnia and Herzegovina and Slovenia.

The proceeds of the EBRD loan will be used to finance the purchase of production and packaging equipment as well as for the implementation of modern energy efficiency measures at Vitaminka, reads the statement.