Euromax

Location:

Albania

Project number:

36847

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Approval date:

25 Jul 2006

Status:

Complete

PSD disclosed:

06 Jun 2006

Project Description

The proposed Project will finance construction and operation of 5 supermarkets in the main urban centres of Albania supporting Euromax to become the first modern food retail operator in the country.

Transition Impact

The Bank’s participation will promote competition and increased efficiency, and establish best industry practice with regard to food hygiene, and health and safety standards in the Albanian food distribution sector. In addition it will set the standards of corporate governance and good business practice throughout Euromax operations.

The Client

Euromax sh.p.k.. is a local supermarket operator in Albania.

EBRD Finance

EUR 10 million secured loan and up to EUR 1.5 million equity investment.

Project Cost

EUR 23.5 million.

Environmental Impact

The construction of new supermarket developments such as this project has some environmental impacts which can be readily identified and prevented through adequate mitigation measures. For the above reasons, the EBRD has classified the project C/1 and as such it requires an environmental audit. The audit will take the form of a corporate environmental review which will assess the environmental risks and liabilities associated with the Company's operations and compliance with both national and EU standards, and will provide recommendations, as necessary, to address any risk or non-compliance issues. Any such recommendations will be formulated into an agreed environmental action plan and the Company will provide reporting to the Bank on the implementation of the EAP. This PSD will be updated, as appropriate, following the completion of environmental due diligence.

Technical Cooperation

None.

Company Contact

EUROMAX LTD
Tel:+355 4 380 000
Fax:+ 355 4 380 001
E - mail: info@euromax.com.al
www.euromax.com.al

Ariola Mata, Marketing Manager
Tel: +355 4 380 025
Mob: +355 69 20 75 222
E- mail: a.mata@euromax.com.al

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: