EBRD supports leading cheese producer in FYR Macedonia

By Ina Coretchi

The EBRD is boosting competition in the Macedonian dairy industry with a €1 million loan to Zdravje Radovo, to finance the dairy company’s expansion and diversify production.

Zdravje Radovo is one of the top three dairy producers operating in FYR Macedonia, currently offering to consumers over 40 products.

The proceeds of the EBRD funds will finance capital investments aimed at increasing the range of Zdravje Radovo’s products through new value added produce under the company’s brand.

The Bank’s support will help Zdravje Radovo consolidate its strong position on the Macedonian dairy market, and will enable the company to expand further in neighbouring countries.

“We are pleased to support a strong local player in the Macedonian dairy industry in its drive to serve consumers high quality and competitively priced products. This transaction will benefit the wider dairy industry in the region through increased competition and stronger linkages with local farmers,” said Gilles Mettetal, EBRD Director for Agribusiness.

Since the beginning of its operations in FYR Macedonia, the EBRD has committed more than €506 in over 40 projects in key sectors of country’s economy, mobilising addition investment worth more than €620 million.

In the agribusiness sector, the Bank has directly committed over €5 billion in more than 350 projects across central and eastern Europe and the CIS.