- EBRD is lending €14 million to a leading regional pharmaceutical distributor to build a new, energy-efficient logistics centre in Belgrade
- Investment will centralise and automate operations, significantly increasing capacity and sustainability
- Project is supported by the Global Environment Fund (GEF) and the EBRD’s Circular Economy Regional Initiative (CERI)
The European Bank for Reconstruction and Development (EBRD) is providing a €14 million loan to Farmalogist, the leading pharmaceutical distribution company in the Western Balkans, to construct a new logistics centre in Serbia.
The loan includes €1.2 million of concessional financing provided by the Global Environment Fund (GEF), reflecting the project’s strong green credentials.
Proceeds of the loan, which are 100 per cent aligned with the EBRD’s Green Economy Transition (GET) principles, will go towards construction of the centre and purchase of equipment. This investment will significantly increase the company’s capacity and operational efficiency by centralising operations and automating warehousing and handling processes.
The new centre will deliver major environmental benefits, as it is designed to achieve an energy performance certificate one level above national requirements, and will implement circular economy principles to reduce its environmental footprint. Rooftop solar panels will further enhance energy efficiency.
This is one of the first loans in Serbia to feature a dedicated Circular Economy Roadmap Initiative (CERI) linked with concessional financing. Through this initiative, Farmalogist will align its operations with circular economy principles, introducing measures such as packaging optimisation, waste reduction, renewable energy use and automated recycling processes to further minimise the environmental impact of the new logistics centre.
Matteo Colangeli, EBRD Regional Director for the Western Balkans, said: “We are delighted to support Farmalogist in this important step towards modernising logistics and strengthening supply chains in the Western Balkans. This investment not only improves operational efficiency but also sets a benchmark for sustainability in the sector. Notably, it is one of the first projects in Serbia to feature a dedicated CERI component, which will help Farmalogist implement advanced resource efficiency and environmental standards. By combining innovation with environmental responsibility, Farmalogist is showing how private companies can lead the way in building a greener and more competitive economy.”
Janko Radunovic, director and a shareholder of Farmalogist, said: “This financing represents a significant milestone for our group. It enhances our capacity to centralise logistics, expand production and improve automation. Our goal is to drive the green transition by improving energy efficiency and enabling smarter energy management. With the EBRD’s support, we are confident in our journey to becoming a regional leader and a reliable partner in developing sustainable energy systems.”
The EBRD is the leading institutional investor in Serbia, having invested more than €10 billion through 397 projects to date. The Bank’s focus in Serbia is on private-sector competitiveness, the green economy and sustainable infrastructure.