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Azerbaijan: ADA
Sergei Ivashkevich, Chairman of the Supervisory Board
“IFC’s investment was crucial for us to move forward with this exciting project, and we are glad to have IFC as a long-term partner.” “We see this project as complementing Azerbaijan’s existing network of small traditional markets. We anticipate that it will have trickle down effects as consumers purchase more goods, because they will have more variety available at affordable prices,” he added. |
Azerbaijan: Azel
Igor Yakovenko, President
“IFC’s investment will enable us to continue providing top quality IT services to our corporate and retail customers under a new and stimulating business environment,” said Igor Yakovenko, President of Azel “We see our partnership as a long-term relationship that would groom us to be a regional leader in the sector” he added." |
Bulgaria: Stomana
Stavros Theodoropoulos, Sidenor’s representative
“IFC has been playing an important role in supporting Sidenor’s expansion plans in the Balkan region. This project is of strategic importance to us and will help us optimize our operations and strengthen our ability to respond to the strong demand for high quality steel products presented by the expanding economies of the Balkan countries” |
Croatia: ALH
Goran Štrok, Chairman
"The investments of EBRD and IFC in GS Holdings Ltd are very important for the further development of the group as well as the development of tourism in Croatia. The financing will help us to apply our experience in the hotel business in neighbouring countries and expand further in the region, he said. |
Kazakhstan: Jambyl
Guy Sidos, Chief Executive Officer, Vicat Group
“We are very pleased to have finalized a long term financing for our greenfield project in Kazakhstan with IFC support with satisfactory conditions, especially given the current economic environment. IFC's involvement confirms the quality of the project and the strong potential of the Kazakh market.”
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Kazakhstan: Technopole
Vitaly Chernyshev, Director
“We are pleased to have IFC’s support and look forward to a long-term partnership that will help us introduce high-quality shopping to consumers in regions that do not have access to this type of retail." |
Montenegro: Gintasmont
Necip Naci Dogru, Chairman of the Board
“IFC’s financial support and regional expertise have played an important role in Gintas’ decision-making process regarding investment in Montenegro. We hope to continue our collaboration with IFC on other projects in the Balkan region in the future.” |
Romania: ICME
Alexiou Alexios, General Manager
Senior executives at ICME ECAB S.A. say that they are especially interested in working with IFC given its global knowledge and sector expertise. They hope to build a long-term relationship with IFC that includes advising on the company's global expansion strategy. ‘’As it was difficult to obtain long-term financing for such a large project in Romania, IFC's support was a critical component of this project. IFC has also been instrumental in advising on the project's technical, environmental, and social aspects’’ . |
Southern Europe: PORR AG
Helmut Mayer, Chief Financial Officer
“Porr AG sees tremendous opportunities for growth in these countries. IFC's financing will affect our growth path very positively. It will strengthen our financial position and enable us to become a strong competitor in Southeast European markets, strongly supporting our corporate strategy in Eastern Europe,” said Helmut Mayer, Porr’s CFO. “We look forward to a long-lasting relationship with IFC. We believe that our partnership will have a sustainable economic impact on Southeast Europe and that it will be good business for IFC as well as Porr." |
Southern Europe: Soravia
Martin Ohneberg, Chief Financial Officer
“This agreement represents a very important and strategic partnership for us. IFC will provide financing and expertise in the local emerging markets that lack quality commercial real estate,” said Martin Ohneberg, Soravia’s Chief Financial Officer.
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Tajikistan: Tourism Promotion Services (TPST)
Aziz Boolani, Chief Executive Officer (Asian Region)
"IFC is providing long-term financing, as well as comfort and assistance to Tourism Promotion Services as it implements its first city hotel project in Tajikistan." |
Turkey: Assan Aluminyum
Ali Kabar, Executive Vice Chairman and CEO of Kibar Holding
"We have been most happy to use IFC financing in all phases of our growth in the aluminum business,” said Ali Kibar, Executive Vice Chairman and CEO of Kibar Holding. “Assan Aluminyum has just been split off Assan Demir in October 2008 in order to merge with the plant acquired from the State Deposit Insurance Fund of Turkey in 2005. This merger created a versatile and competent flat rolled aluminum producer that is already respected in export markets." |
Turkey: Petlas
Mustafa Ozcan, Chairman
”IFC’s financing will enable us to upgrade production technology, expand our product range, and produce ecofriendly tires,” said Mustafa Ozcan, Chairman of Abdulkadir Ozcan Automotive and Tire Inc. “We are the largest employer in Kisehir, and with IFC’s support, we hope to create more jobs in the area.” |
Turkey: Posuda
Dogan Arikan, President and Chief Executive Officer of Sisecam Group
“This transaction underscores our long-standing relationship with IFC and our shared commitment to investing in emerging markets,” said Dogan Arikan, President and Chief Executive Officer of Sisecam Group. “Russia’s glassware market is still dominated by imports, and we hope to change that by expanding Posuda’s capacities.” |
Turkey: Sarten
Zeki Saribekir, CEO
"Our investment program supports our strategy to continue improving the quality of our products and the level of service we provide to our clients. We are pleased that IFC will support us on this program.” |
Turkey: Sisecam
A. Dogan Arikan, President
“Continued support from IFC is extremely important for Sisecam because we have a long-standing relationship with IFC. We turn to IFC for key and timely advice and financial support. IFC has helped our international expansion by financing the Sisecam plants in the Republic of Georgia and the Russian Federation.” |
Turkey: Soktas
Muharrem Kayhan, President
"The loan will allow us to become more competitive and enhance our ability to serve our clients better. We are very pleased with our partnership with IFC on this project and look forward to working together on future projects." |
