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Fortenova sells agri unit to Podravka for 333 mln euro
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EBRD Mulls 60 Mln Euro Credit Line for Energy Efficiency Projects in Western Balkans

Oct 6, 2008, 7:13:10 PMArticle by Iva Doneva
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October 6 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it was considering setting up a 60 million euro ($81.4 million) framework facility for energy efficiency projects in four Western Balkan states.

EBRD Mulls 60 Mln Euro Credit Line for Energy Efficiency Projects in Western Balkans

Under the facility, the EBRD would extend credit lines to banks in Bosnia, Macedonia, Montenegro and Serbia for on-lending to private enterprises for investments in industrial energy efficiency, small renewable energy production and energy efficiency in commercial buildings, the bank said in a statement.

The European Union under its Instrument for Pre- Accession Assistance (IPA) 2007 programme will support the facility with a 13.5 million euro grant, it added.

The credit line is pending final review.

($ = 0.7368 euro)

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