The International Financial Corporation (IFC) has approved one of the biggest loans in Eastern Europe to Serbia’s Šabac-based Farmakom company. Farmakom MB has received one of the biggest tributes for its business policy and development vision by reaching a credit arrangement with the IFC in Washington reports B92.
The IFC is the largest global development institution which focuses on private sector in developing countries.
Serbia’s Farmakom owner and Director Miroslav Bogićević said the agreement had been initialed and that it would be signed on October 14 in Šabac.
“The fact that we have become IFC’s client is a great tribute to our firm – a tribute that we have solid order and position, that we have a clear and realistic development vision,” he told daily Politika.
The loan will be used to refinance previous domestic loans which will enable Farmakom to have a long-term stability and new development opportunities.
Source balkans.com
