Gostomel enterprise enjoys its glass

The European Bank for Reconstruction and Development is going to grant the Gostomel glassworks, the largest Ukrainian producer of glass containers, a loan of $17 million for 8.5 years to build new facilities that will allow the enterprise to produce additionally 600,000 glass containers a day.

Of the total amount of the loan $11.5 million will be syndicated between the two private financial investors, namely Raiffeisen Zentralbank Osterreich AG of Austria and International Finance Participation Trust of Canada.