Hrvatski Telekom, Valamar lift Croatian share indices
Romanian stock indices start week in the green, Romgaz shines
Croatia's consumer confidence improves y/y in Feb
Romanian DSO completes 2.2 mln euro grid overhaul project
Serbia’s ICT exports to reach 10 bln euro by 2027 - report
Dec 05, 2022 17:11 EEST
December 5 (SeeNews) - The International Finance Corporation (IFC), part of the World Bank Group, said it will provide a loan of up to 40 million euro ($42.2 million) to Albanian investment group Balfin to help it fund the expansion of its retail business.
The funding will back the development of new retail parks and the expansion of the Tirana East Gate mall, the IFC said in a press release last week.
The funding will also back a project to install rooftop solar panels at the Tirana East Gate mall, the IFC added.
"This agreement, once again, confirms that Balfin Group is on the right course to becoming a force of change in the industries where it operates. Our achievements so far make us confident in our future investments while IFC's support is an additional guarantee for our success," Edlira Muka, CEO of BALFIN Group, said.
Tirana East Gate was established in 2011. The mall is the biggest in Albania, with a gross leasable area of 112,700 sq m.
The Balfin Group is active in a number of sectors including real estate, retail, tourism, agriculture, energy, the mineral industry and services across Southeast Europe, as well as in Austria, Switzerland and the Netherlands, according to information posted on its website.
($ = 0.9469 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options