Addressing the growing challenges that the agribusiness sector faces in the EBRD regions, the European Bank for Reconstruction and Development has launched its new strategy for the sector for the period 2019 to 2023.
The European Bank for Reconstruction and Development is lending five million euro to Bulgaria's Elana Agrocredit, a company offering long-term financial lease contracts to farmers seeking to acquire agricultural land.
Anadolu Etap is a joint venture between the Turkish companies Anadolu Group and Özgörkey Holding and the Cutrale Group, owned by one of Brazil's largest orange and soybean farming families. The company has 6 different farms covering 2.500 ha in Turkey.
The EBRD is providing a loan of up to US$85 million to Ukrainian agribusiness producer PJSC Myronivsky Hliboproduct to support the integration of farms from the former Swedish-owned company Agrokultura.
Trans-Oil, Moldova’s largest agribusiness company, will take over the local company Racova, active in agriculture and food industry, in a transaction estimated at over USD 100 million, which should be completed by December.