18 Mar 2003
27 Jan 2003
The proposed project aims to support the Company’s regional expansion of its existing operations by providing long-term debt financing. The proceeds of the Bank loan will be used to finance the Company’s product extension and capacity increase.
The project will show that privately owned companies with good corporate practice are able to attract long-term financing in FR Yugoslavia and Bosnia & Herzegovina. The investment will highlight the potential of enhanced cross border trade and investments in the Balkans. The Project will lead to enhanced competition in the region and support the development of know-how skills.
Marbo Product d.o.o., a Yugoslav limited liability company; and Marbo d.o.o., a Bosnian limited liability company.
Long-term tranched loan to the clients for the total amount of €10 million.
Total project cost for the two countries is €32 million.
The project has been screened B/1, requiring an environmental audit of past and current operations and an environmental analysis of impacts associated with the Company’s expansion and capacity increase plans including possible energy efficiency measures. An environmental action plan will be developed, if necessary, and agreed with the Company prior to Final Review.
Radosav Milanovic, CEO
Tel: +381 11 444 3553
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