August 20, 2014

Ukrainian meat processor Globino to receive US$13-million loan

Globino, Ukraine's leading meat processing company has been granted a $13-million loan from the European Bank for Reconstruction and Development (EBRD), which will solve its liquidity and working capital needs.

The loan will help the company overcome difficulties and constraints due to the financial crisis and the reduced availability of external funding.

A $25-million loan was signed by the EBRD in 2011 for the Globino Group to modernise its Globinsky meat plant and Globinsky pig complex. Based in the Poltava region in Ukraine, Globino produces sausages, hams, cheese and butter. 

Agribusiness is seen as a key growth driver for the Ukrainian economy, with more than $160 million provided by the EBRD to various agribusiness clients in Ukraine since the start of 2014.