EBRD support for Moldovan poultry producer
On 15 August, the European Bank for Reconstruction and Development (EBRD) and Moldovan partner bank maib announced a €9 million loan to Moldovan poultry producer Axedum.
The transaction will finance the construction of a modern feed mill and enable Axedum to expand into a new business line of egg production.
Axedum, a family business founded in 1997, has ambitions to expand into new business lines and export its products into the European Union, leveraging the opportunities afforded by Moldova’s EU candidate status.
As part of the transaction, Axedum will benefit from support provided by the European Union to upgrade its equipment and integrate sustainable technologies. This will enhance the firm’s operational efficiency by reducing carbon emissions, minimising waste and optimising resources. The incentive is provided under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC), supported by the EU under its EU4Climate initiative.
This support represents the continuation of a long-term relationship with Axedum, which has resulted in numerous impactful projects provided to the enterprise (under EBRD’s Advice for Small Business Programme), in areas of cost-management, energy efficiency, marketing and client portfolio growth.
Maib, Moldova’s largest bank with a more than 38 per cent market share in the country, has been an EBRD client since 1995.
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