EBRD took over Giurgiulesti port operator

10:12 | 19.05.2021 Category: Economic

Chisinau, 19 May /MOLDPRES/- The European Bank for Reconstruction and Development (EBRD) has acquired the entire capital of the Danube Logistics Group. Thus, the EBRD became the only effective beneficiary of the Giurgiulesti International Free Port.

According to the Bank, through the acquisition, the EBRD aims to promote the continued operation and successful development of the Giurgiulesti International Freeport and will seek to attract investors to support and further develop the port. The EBRD has supported the construction and operation of the Giurgiulesti Free International Port since 1995, and in 2013 replaced Credit Suisse as the primary economic beneficiary of the port's operation, following the refinancing of Danube Logistics' outstanding debts to Credit Suisse.

The EBRD is owned by 69 countries, including the Republic of Moldova, the EU and the EIB. With total investments of 1.4 billion euros, the EBRD is the largest foreign investor in our country.

photo: twitter.com

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