The FINANCIAL -- The EBRD
is providing a €5 million loan to Atlantic Grupa’s Serbian operations
for energy efficiency and resource efficiency improvements. Croatia’s
Atlantic Grupa d.d. is one of the biggest regional food producers in
south-eastern Europe. The EBRD financing is part of a wider package
arranged in November 2012, according to EBRD.
The loan follows an energy and resource efficiency audit of Atlantic Grupa’s operations in Serbia and will enable the company to introduce targeted measures at its subsidiaries such as the installation of a new boiler. On top of efficiency savings the measures are expected to reduce CO2 emissions by 600 tonnes per year.
Atlantic Grupa is a leading producer and distributor of food, beverages and pharmaceuticals. Headquartered in Zagreb, the company has production sites in Bosnia and Herzegovina, Croatia, FYR Macedonia, Germany, Serbia and Slovenia. Atlantic Grupa’s products are sold throughout south-eastern Europe as well as in western Europe, Russia and the Commonwealth of Independent States.
Atlantic Grupa is a long-standing client of the EBRD. The Bank’s support is focused on boosting the company’s cross-border and regional activities and on supporting energy efficiency as a means of reducing costs and dependency on energy supplies.
To date, the EBRD has signed more than 150 projects in Croatia for a total amount of €2.85 billion, while the Bank has invested €3.5 billion in 175 projects in Serbia. The EBRD’s investments cover industry, commerce, agribusiness, energy as well as the financial and infrastructure sectors, according to EBRD.