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- EBRD and ENEF II loan to support Rec Kos’s expansion in Kosovo’s recycling sector
- Project to finance new processing facility and advanced equipment for metals and e-waste recycling
- Project supported by the TaiwanICDF through the HIPCA special fund
The European Bank for Reconstruction and Development (EBRD), in partnership with the Enterprise Expansion Fund II (ENEF II), is providing a €6 million loan to Rec Kos, a leading Kosovo-based recycling company.
The EBRD and ENEF II are each providing €3 million, with the EBRD’s portion of the loan featuring a €1 million concessional tranche provided by the TaiwanICDF (International Cooperation and Development Fund) through the EBRD’s High-Impact Partnership on Climate Action (HIPCA) special fund,* reflecting the project’s strong green credentials.
The financing, which is 100% GET eligible, will support the construction of a new processing facility near Drenas Industrial Park, close to Pristina, a wastewater treatment plant and the acquisition of advanced recycling equipment, such as machines for processing tires, aluminium, cables, iron, plastics and batteries. The project aims to enhance operational efficiency and environmental sustainability in Kosovo’s recycling sector.
Sergiy Maslichenko, EBRD Head of Kosovo, said: “We are proud to support Rec Kos in scaling up its operations and advancing Kosovo’s circular economy. This investment demonstrates our commitment to strengthening local small and medium-sized enterprises and promoting sustainable industrial development through green finance.”
Adriatik Shaqiri, owner of Rec Kos, said: “The new facility and advanced equipment will significantly improve our processing capacity and environmental performance. We are proud to contribute to the country’s transition towards a circular economy, while strengthening Kosovo’s position in regional and European recycling markets.”
Established in 2008, Rec Kos operates in several parts of the recycling value chain, including collection, sorting, processing and trading. The company is the second-largest exporter in Kosovo.
The loan will help to address some of the structural challenges faced by Kosovo’s small and medium-sized enterprises, which continue to struggle with a lack of competitiveness, constrained access to financing and a weak legal environment. By supporting Rec Kos’s expansion, the investment will also contribute to the development of Kosovo’s underutilised recycling sector, an increasingly important driver of exports and a key enabler of the country’s transition to a circular economy.
The ENEF II fund has the following investors: the EBRD, the European Union (under the Western Balkans Investment Framework), Italy’s Cassa Depositi e Prestiti, Banca Intesa and Germany’s Kreditanstalt für Wiederaufbau. The fund is advised by the EBRD and focuses on small and medium-sized enterprises and mid-cap companies in the Western Balkans. It has built on the successes of its predecessor, ENEF, which helped dozens of companies in the region to grow and expand their businesses.
The project, fully aligned with the EBRD’s Green Economy Transition (GET) approach, also benefits from technical cooperation support for legal due diligence, which is co-financed by ENEF II technical cooperation funds.
The EBRD is a leading investor in Kosovo, having invested €803 million through 125 projects to date.
*Active donors to the HIPCA include Austria, Canada, Finland, Germany, the Netherlands, Norway, South Korea, Spain, Switzerland, the TaiwanICDF, the United Kingdom and the United States of America.