The EBRD Looking To Loan USD 68 mln To Gostomel Glass.

The issue will be considered at the bank’s board of directors’ meeting on May 31. Gostomel Glass (GSKZ) needs to attract funds to finance a capacity increase by 73%, planned for 2007, and improve the company’s efficiency in terms of energy consumption. Concorde Capital: GSKZ is the largest producer of bottles in the country, 16% of Ukraine’s total glass container output, and 25% of the country’s production of bottles. In February Vetropack (Switzerland) bought a 75% stake in the company.