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2025-09-15 16:52:07
[European Bank for Recovery Deepens Its Footprint in the Balkans, Targeting Private Enterprise Growth with €24.9 Million in Financing] (1) The European Bank for Recovery (EBRD) recently signed a €24.9 million loan agreement in North Macedonia, aimed at boosting local private sector growth and strengthening access to finance. Specifically, the EBRD reached a €20 million risk-sharing agreement with ProCredit Bank Macedonia, under which the EBRD will assume up to 50% of client risk exposure, helping the bank alleviate capital pressures and increase its support for local businesses. (2) In addition, the EBRD provided the third tranche of a €4.6 million financing facility to pharmaceutical company Varus. The additional €2.4 million will be used to acquire land to optimize logistics and renovate administrative facilities. Varus is the exclusive distributor of pharmaceutical and chemical products for Merck in North Macedonia and Kosovo, producing and selling pharmaceuticals, health supplements, over-the-counter medicines, medical devices, and cosmetics. ⑶ At the same time, the EBRD provided Sparkasse Bank with an unfunded risk-sharing support of €1.25 million for a €2.5 million loan to food producer Makprogres to meet Makprogres' working capital needs and support its growth strategy. These measures highlight the European Recovery Bank's continued focus on regional economic vitality and its commitment to promoting business development through specific financial instruments.
