The European Bank for Reconstruction and Development (EBRD) is extending USD 7.9 million loan to Ukraine-based ErgoPack Ltd, the EBRD press-service has said.
The credit funds will be used to expand the company's products spectrum that now comprises plastic refuse bags, sponges and other household goods, enlargement of export operations in Russia, as well as the possibilities of materials recycling. ErgoPack Ltd. is one of Ukraine's largest producers and distributors of consumer household goods. The EBRD is the biggest financial investor in Ukraine. As of 1 November 2009, it had committed EUR 4.2 billion through 194 projects.
Source:nrcu.gov.ua/i
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