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EBRD, EU support help Serbian packaging producer Comex upgrades equipment to meet highest global standards

Jul 12, 2021Jul 12, 2021 Editor

SERBIA – Comex, a Serbian company specialising in the production of flexible food and non-food packaging and wrapping materials, is the latest beneficiary of an EBRD and European Union (EU)-supported programme that helps small and medium-sized enterprises (SMEs) access credit lines. Through the program, Comex invested in a new printing machine, financed with a €1 million (US$1.19 million) loan from Banca Intesa. In addition to the loan, the company also received a €150,000 grant, funded by the EU. According to EBRD, the grant which is 15% of the loan secured by businesses through its programme was aimed at significantly…

Barry Callebaut breaks ground on new chocolate factory in Southeastern Europe

Mar 19, 2020Mar 19, 2020 Editor

EUROPE – Zurich-based chocolate and cocoa products manufacturer, Barry Callebaut has started the construction of the company’s first chocolate factory in Southeastern Europe, which will located in Serbia. The new factory will have an annual production capacity of over 50,000 tonnes with a total investment of EUR50 million over the next five years. The factory will the Barry Callebaut’s 63rd production site worldwide. The factory, which is expected to be operational by 2021, will serve as the company’s regional hub to address the rapidly growing chocolate markets of Southeastern Europe.…