EBRD Invests 2.0 Mln Euro in Albania’s Sole Paper-producer

"The EBRD finance will help Edipack establish its own structure for collecting waste paper, thus helping improve the country’s waste management situation," the bank said in a statement.

Edipack will use the money to diversify and expand its products and services, in particular for packaging and shipment of agricultural products from Albania, the statement said.

Edipack, located in Porto Romano near Albania’s biggest Adriatic port of Durres, has been producing corrugated cardboard and cardboard boxes since 2003.

EBRD has invested over 400 million euro in Albania in different sectors, including infrastructure, financial sector and the private corporate sector.

($=0.7702 euro)