EBRD gives Russia’s Kalina a helping hand

Published: 16-Jul-2009

Russia’s leading cosmetics company Kalina has been offered a US$40m loan by the European Bank for Reconstruction & Development (EBRD) to help it refinance short-term debts during the recession. The loan will also provide it with long-term working capital, helping it sustain market share and attack new market segments.


Russia’s leading cosmetics company Kalina has been offered a US$40m loan by the European Bank for Reconstruction & Development (EBRD) to help it refinance short-term debts during the recession. The loan will also provide it with long-term working capital, helping it sustain market share and attack new market segments.

The EBRD has supported Kalina in the past and said in a statement: “This is a very well run company which has an impressive strategy and has long served as a model of transparency,” issuing its own corporate governance code and producing international financial reports. Kalina targets middle income consumers in Russia.

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