SERBIA- EBRD
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction Development (EBRD) is lending Euro 22 million to Serbia & Montenegro's largest pharmaceutical producer Hemofarm a.d. to launch operations in Russia, its largest export market. The money will help Hemofarm buy new equipment and build a packaging and production pharmaceutical plant in Obninsk, 100 km south-west of Moscow. The EBRD said it would be among the first in Russia to comply with international good manufacturing practice standards. Hemofarm is planning to exploit its existing strong distribution ...
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