Turkish group ETI to build new factory in Romania with money from EBRD
The European Bank for Reconstruction and Development (EBRD) is currently analysing an EUR 23 million long-term loan for ETI European Food Industries, the Romanian subsidiary of Turkish group Eti Gida Sanayi ve Ticaret, to finance the…
Romania Insider · Journalist
· Updated · 1 min read
The European Bank for Reconstruction and Development (EBRD) is currently analysing an EUR 23 million long-term loan for ETI European Food Industries, the Romanian subsidiary of Turkish group Eti Gida Sanayi ve Ticaret, to finance the construction of a new pastry factory near Craiova. The total cost of the project is EUR 39 million. The Turkish group also received a state aid of about EUR 6 million for the new factory, which will create 300 new jobs. EBRD’s board will discuss this loan on November 11, the financial institution has announced. editor@romania-insider.com
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