EBRD considers loan for Serbian beauty company 13-Jul-2011

The European Bank for Reconstruction & Development is considering lending up to €68m to a leading Serbian beauty and household products producer Beohemija. The money would help it expand and restructure its finances.

The bank said new investment in manufacturing technology would “improve productivity, energy efficiency and environmental safety,” creating “a showcase to others in the market on how to be financially successful and energy efficient”. The bank said the company would also improve its accounting systems, plus “environmental and labour protection practices”.