• Wed. Jun 16th, 2021

The European Bank for Reconstruction and Development (EBRD) on Tuesday said it will provide a €15 million (nearly $18 million) loan

ByDavies

Apr 28, 2021
Advertisements

The European Bank for Reconstruction and Development (EBRD) on Tuesday said it will provide a €15 million (nearly $18 million) loan to support Uludag, one of Turkey’s leading soft drinks producer.

According to a statement by EBRD, the loan will help the company expand its operations both at home and abroad.


“The loan will finance research and development (R&D) investments that will enhance the company’s competitiveness,” it said, adding this will also help the company enhance its export potential.


Previously, the EBRD had also provided a €30 million loan to Uludag.

As a leading institutional investor in Turkey, the EBRD has invested €13.5 billion through more than 340 projects in the country since 2009.

In 2021, the bank will focus on investments that support a sustainable and inclusive post COVID-19 recovery.​​​​​​​

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Recent Comments

An abrupt relaxation… on An abrupt relaxation of mask p…
Dorothy Mulenga on PF LUSAKA PROVINCIAL EXECUTIVE…
dolphinwrite – Like many, I've moved around quite a bit, both in my youth and as an adult. I've been in the field of education, but also have ventured into other arenas.
dolphinwrite on Fewer Americans are reluctant…
The Biden administra… on The Biden administration is ho…
British Prime Minist… on British Prime Minister Boris J…

Anointing Oil

Categories

About Us

Zamkuwire News provides you with the Latest Specialising Zambia News, World News, and Viral News,investigative Reporting & Analysis.

Zamkuwire News We Encourage active participation & feedback from the Community.Please send us feed back Commets.

 

.