EBRD OFFERS RUSSIAN COSMETICS FAVOURITE A HELPING HAND IN THE RECESSION
July 1st, 2009
BY KEITH NUTHALL
RUSSIA'S leading cosmetics company Kalina has been offered a US$40 million loan by the European Bank for Reconstruction & Development (EBRD) to help it refinance short term debts during the recession. The loan will also provide it with long-term working capital, helping it sustain market share and attack new market segments. The EBRD has supported Kalina in the past and said in a statement: "This is a very well run company which has an impressive strategy and has long served as a model of transparency," issuing its own corporate ...
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