EBRD Loans EUR 5,5 M to Bulgaria Dairy Producer

With the EBRD support, Fama will increase its competitiveness, boosting the development of the local dairy industry. File photo

The EBRD will fund one of the leading Bulgarian dairy producers with EUR 5,5 in its drive to optimise operations and diversify production.

The European Bank for Reconstruction Development and will finance the investment program of Fama, Bulgaria’s third largest manufacturer of milk products, The Financial reported Tuesday

With the EBRD support, Fama will increase its competitiveness, boosting the development of the local dairy industry.

According to bank, the project will enable Fama to expand its market share by building its own distribution network in Varna, Sofia and Plovdiv, the company’s largest regional markets.

The company will also launch the production of added value products, such as long-life milk, while outsourcing low-margin products.

In addition, the EBRD funds will help Fama to refinance its short and medium-term loans, strengthening its balance sheet.