The Greek dairy producer Olympus has obtained a €30m loan of from the Black Sea Trade and Development Bank (BSTDB), to develop its operations in Romania.
The loan, granted for a period of seven years, will allow the company to increase its efficiency and competitiveness, to increase its export capacity on international markets and to meet higher quality standards.
According to company officials, currently, 80% of local production is exported.
The new 25,000 sqm plant includes three processing units for yogurt, cheese and milk. Milk reception capacity stands at 40,000 liters an hour.
Olympus is part of the Greek group Tyras, which is controled by Dimitrios and Michail Sarantis, and which started its operations in Romania in 1999.
