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Serbia - Financial Services, Wood and Furniture, Economy & Statistics
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EBRD to make 7-mln-euro equity investment in Serbia’s Forma Ideale

Kimberley Ann Music - 19.11.2009

The European Bank for Reconstruction and Development (EBRD) is making an equity investment of up to 7 million euros in Serbian furniture maker Forma Ideale to build a new warehouse and expand exports.  
 
With the EBRD funds, Forma Ideale (www.formaideale.co.rs) will build a warehouse near its production facility in Kragujevac, in central Serbia, and expand into new export markets in the European Union and eastern Europe. 

The company currently exports furniture to Bosnia-Herzegovina, Croatia, Montenegro, FYR Macedonia and Romania.

Since the beginning of its operations in Serbia, the EBRD (www.ebrd.com) has committed more than 1.7 billion euros to the Serbian economy.

Source: Balkans.com Business News

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