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N. Macedonia
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Fortenova sells agri unit to Podravka for 333 mln euro
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EBRD approves 6 mln euro loan to N. Macedonia's KAM

Dec 11, 2023, 10:52:07 AMArticle by Dragana Petrushevska
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December 11 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it has approved a 6 million euro ($6.5 million) loan to North Macedonia's discount supermarket chain operator KAM to support its investment plan.

EBRD approves 6 mln euro loan to N. Macedonia's KAM

The loan will be used for opening of new stores and upgrade of the existing stores and logistics centre, the EBRD said in a project summary document last week.

The loan will be provided to the company in two tranches.

Skopje-based KAM, established in 1999, operates 80 supermarkets in North Macedonia. The retailer also has stores in neighbouring Bulgaria and Kosovo.

($ = 0.929166 euro)

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