Pokrovsky Glass Plant receives credit from EBRD

On 1 October, the European Bank for Research and Development (EBRD) released a US$ 2.5 million“s worth long-term credit for Russian Pokrovsky Glass Plant to develop its production process. The credit…

On 1 October, the European Bank for Research and Development (EBRD) released a US$ 2.5 million“s worth long-term credit for Russian Pokrovsky Glass Plant to develop its production process. The credit is backed by the stocks and property. In short term, US$ 1 million of the next tranche are to be released. By now EBRD has provided US$ 8-10 million in investments in the plant to be used to end the building of the new division.