Tikves To Benefit From Further EBRD Financing

The European Bank for Reconstruction and Development (EBRD) has agreed to loan Tikves, Macedonia's leading wine producer, a further EUR2.5mn to complete the modernisation of its production facility and strengthen its balance sheet. The development follows on from the EBRD's acquisition of a 23.65% equity stake worth EUR6mn in the firm in November 2008. As well as being the leading wine maker in the Balkan region, Tikves boasts a stellar international reputation. In 2008, it was recognised as one of the top 30 global wine brands by the Wine Innovation Forum in Paris.

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