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What Our Clients Say: Central & Eastern Europe

Belarus: Erilin Holdings
Irina Koumpari, Director

“We are grateful to IFC for its flexible financing structure and comprehensive approach to project development. This will strengthen our financial position and help us complete construction by November 2008."

Belarus: RTL Holdings
Sergei Rzheutski, Public Relations Manager

“This investment signals IFC’s support for our company’s business strategy. We appreciate IFC’s financial support and advisory services in corporate governance and environmental and social issues. This will help us expand and diversify our operations and improve our competitiveness in Belarus."
Belarus: Strominvest
Irina Koumpari, Director of Erilin Holdings Limited

"We are grateful to IFC for its flexible financing structure and comprehensive approach to project development. This will strengthen our financial position and help us complete construction by November 2008,” said Irina Koumpari, Director of Erilin Holdings Limited.
Georgia: Uptown Tbilisi Development LLC
Khater Massaad, Chairman of Rakeen's Board of Directors

"Today marks a key milestone in our strategic expansion, and it is our hope to continue participating in Georgia’s economic growth and development.” Acknowledging IFC’s partnership and support of the project, he said, “We hope to continue our collaboration with IFC on future projects."
Russia: Home Centers, Ltd.
Igor Mariash, Director

“Home Centers Ltd. is expanding to respond to the recent growth of the Russian do-it-yourself market.  We strive to provide Russian consumers, especially consumers in the regions, with a better choice of do-it-yourself and home improvement products."
Russia: OMK Vyksa

We consider IFC not only as a lender, but also as a strategic partner, assisting in the development of our company’s sustainability programs. In particular, we appreciate the close cooperation as we establish environmental and workplace safety systems, and support social development in the regions of our plants. We believe that this partnership will create long term benefits for our company and our communities.”
Slovenia: Mercator
Ziga Debeljak, Mercator CEO

“IFC’s loan financing will contribute substantially to our investment activities in these markets, which will boost further growth and help
us realize a key long-term strategic goal of becoming the leading retailer in the markets of Southeast Europe."
Ukraine: Ashnova Holding
Urfan Guliyev, Chief Executive Officer

"Our long-term cooperation with IFC has added value to our new joint venture with Raven Russia and helped us obtain financial support for our ambitious investment plans. Together, we will launch the up-to-date logistics center, which will create new jobs in the region, contribute substantial tax payments to local government, and demonstrate that Ukraine is attractive for prominent foreign investors,"
Ukraine: Evrotek
Mikhailo Veselsky, Chief Executive Officer

“I am very pleased about IFC’s investment in the project as part of the Investor Consortium.  The Investors bring know-how, international best practice advice, and of course needed financing to the project.”
Ukraine: Industrial Union of Donbass
Sergiy Taruta, Chairman of the Board of Directors

“We have had successful experience of working with IFC as a long-term lender while implementing our previous capital investment program that boosted both the company’s performance and the competitiveness of the key sector of Ukraine’s economy. IFC’s second loan will be used to continue replacement of old, polluting and inefficient steel facilities for modern production technologies. This will improve the quality and widen the range of steel products, including finished long-products, and provide further environmental improvement investments”.
Ukraine: Zeus Ceramica
Villiam Tioli, Chairman of the Board

“The expansion constitutes a significant step for Zeus Ceramica to become one of the largest manufacturers of high-quality ceramic tiles in Ukraine and to strengthen its position in the market. IFC funding is essential in our endeavor to establish a stronger presence in this high-growth market and will help us strengthen our balance sheet.”

Ukraine: Zeus Ceramica
General Director Oleksandr Bohoslavskyy

Сooperation with IFC gave Zeus Ceramica CJSC the opportunity of making the significant modifications and developing our production capacities that helped us win the confidence at the worldwide ceramic market.
(source: IFC press releases)