The European Bank for Reconstruction and Development (EBRD) has announced it will invest some €25 million in Ko-sovo’s ferro-nickel producer Newco Ferronikeli.
Under the plans, the funds are to be used "to support energy efficiency and operational efficiency investments," the bank said in a statement.
The company is the country’s largest exporter, and one of its largest private employers. Newco Ferronikeli produces and exports about 7,000 tonnes of nickel per year.
Set up in 1989 and privatised in 2006, Newco Ferronikeli is currently majority-owned by Balfin, Albania’s largest private industrial group.