EBRD BOOSTS BOSNIAN PACKAGING INDUSTRY
January 1st, 2007
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is pumping Euro 11 million into a war-damaged paper factory in in Maglaj, Bosnia & Herzegovina, to modernise its plant and increase production, notably of cardboard and paper for making large sacks. Y?ld?r?m Aktürk, president of Turkish-controlled Natron-Hayat said the loan, plus Euro 54 million from Finland's Nordea, and Austria's BACA, would "help us to become competitive and a leading player in the sack paper market in the Balkans and Turkey". The EBRD loan will upgrade existing ...
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