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Overview: about the EBRDWho we are
Overview: about the EBRD
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Light
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Eng
- EBRD is lending €14 million to a leading regional pharmaceutical distributor to build a new, energy-efficient logistics centre in Belgrade
- Investment will centralise and automate operations, significantly increasing capacity and sustainability
- Project is supported by the Global Environment Facility (GEF) and the EBRD's Circular Economy Regional Initiative (CERI)
The European Bank for Reconstruction and Development (EBRD) is providing a €14 million loan to Farmalogist, the leading pharmaceutical distribution company in the Western Balkans, to construct a new logistics centre in Serbia.
The loan includes €1.2 million of concessional financing provided by the Global Environment Facility (GEF), reflecting the project’s strong green credentials.
Proceeds of the loan, which are 79 per cent aligned with the EBRD’s Green Economy Transition (GET) principles, will go towards construction of the centre and purchase of equipment. This investment will significantly increase the company’s capacity and operational efficiency by centralising operations and automating warehousing and handling processes.
The new centre will deliver major environmental benefits, as it is designed to achieve an energy performance certificate one level above national requirements, and will implement circular economy principles to reduce its environmental footprint. Rooftop solar panels will further enhance energy efficiency.
This is one of the first loans in Serbia to feature a dedicated Circular Economy Regional Initiative (CERI) linked with concessional financing. Through this initiative, Farmalogist will align its operations with circular economy principles, introducing measures such as packaging optimisation, waste reduction, renewable energy use and automated recycling processes to further minimise the environmental impact of the new logistics centre.