Green Forum • 27 February, 2024 at 7:30 AM
The European Bank for Reconstruction and Development (EBRD) has approved a €6 million loan for KAM, a leading food retailer in North Macedonia. This financing will fuel the company's plans to grow its modern grocery chain nationwide and upgrade its current stores and logistics facilities to boost energy efficiency and other enhancements.
KAM intends to use the funds for enhancing its distribution center and ensuring compliance with Building Research Establishment Environmental Assessment Method (BREEAM) standards, which evaluate sustainability aspects of buildings, a pioneering move in the Macedonian retail sector.
The EBRD will assist KAM's further growth through EU-funded advisory programs, focusing on improving strategic management and corporate governance.
As North Macedonia's prominent grocery retailer and the first hard discount chain in the Western Balkans, KAM operates 80 stores across 20 cities and has expanded its operations to Bulgaria and Kosovo.
Since North Macedonia became an EBRD member in 1993, the Bank has invested over €2.7 billion in 186 projects there, with nearly half dedicated to the private sector. The Bank's key priorities for the country include fostering competitiveness, facilitating the green transition, and promoting greater integration into regional and global markets.