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Friday, April 25, 2014
News Making Money

EBRD supports resources efficiency at Atlantic Grupa Serbia

13/02/2014 15:57 (70 Day 05:51 minutes ago)

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.

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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.

 

 

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Politics
“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (1 Day 05:10 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.

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

19/04/2014 13:40 (5 Day 08:08 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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