EBRD Invests In Local Winery

The European Bank of Reconstruction and Development (EBRD) the multi-lateral bank for the former communist bloc countries has announced that the Macedonian wine sector is its latest beneficiary. The EBRD has announced that it will invest EUR6mn (US$7.65mn) through a capital increase in Tikves, Macedonia's leading wine producer. Through this loan the bank says it is looking to improve the quality and selection of wines produced by the company and to boost its competitive position, while also increasing competition in the wine sector throughout the Western Balkans region.

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