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Monday, April 21, 2014
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Turkey’s Nedex, producer of chemicals for insulated windows, to get €10 m loan

13/02/2014 15:55 (66 Day 05:08 minutes ago)

The FINANCIAL -- A Turkish producer of chemicals for insulated glass units has received EBRD support to continue developing new products and to help businesses and households save energy. The European Bank for Reconstruction and Development (EBRD) is extending a €10 million loan to Nedex, a dynamic family-owned company with manufacturing facilities in several countries, according to EBRD.


Nedex was established in 1999 by two brothers – Derun Unluer, a mechanical engineer, and Belig Unluer, a metallurgical engineer. It is owned by the Unluer family. The company produces chemical products used in the manufacture of insulated glass units, such as double- and triple-glazed windows (molecular seals, polysulfide sealants, warm-edge spacers and aluminium spacers). Nedex products are currently being produced in Bulgaria, Germany, Kazakhstan, Russia, Turkey and Ukraine . The company employs about 500 people.

Nedex is constantly investing into new product development, which is financed by personal assets or short-term loans. EBRD financing will allow the company the opportunity for longer-term financial planning and will also support further growth of the business, according to EBRD.


The loan was made under the EBRD’s Local Enterprise Facility (LEF), which is a financing facility for direct investments in small and medium-sized enterprises (SMEs) in Turkey, south-eastern Europe and the southern and eastern Mediterranean (SEMED) region. To date, over €318 million in equity and debt financing has been mobilised under the LEF, to 66 SMEs.

The facility is supported by the government of Italy, the EBRD Shareholder Special Fund and the SEMED Multi Donor Account, to which Australia, Finland, France, Italy, Germany, Netherlands, Norway, Sweden and the United Kingdom contribute, according to EBRD.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (4 Day 04:10 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (1 Day 07:23 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

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