EBRD Supports Farmalogist with €14 Million Loan for Energy-Efficient Logistics Expansion in Serbia

EBRD Supports Farmalogist with €14 Million Loan for Energy-Efficient Logistics Expansion in Serbia

(IN BRIEF) The EBRD is providing a €14 million loan to Farmalogist to build a new, energy-efficient logistics centre in Belgrade, with €1.2 million in concessional financing from the Global Environment Fund. The project will centralise and automate operations, significantly increasing capacity and efficiency while delivering strong environmental benefits. Designed to exceed national energy standards and supported by a dedicated Circular Economy Regional Initiative roadmap, the investment introduces measures such as renewable energy use, packaging optimisation, and waste reduction. The project strengthens pharmaceutical supply chains in the Western Balkans and supports Serbia’s broader green economy objectives.

(PRESS RELEASE) LONDON, 17-Dec-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development has approved a €14 million financing package for Farmalogist, the Western Balkans’ leading pharmaceutical distribution company, to support the construction of a new, energy-efficient logistics centre in Belgrade. The project is designed to modernise and centralise Farmalogist’s operations while significantly increasing capacity, automation, and environmental performance across its supply chain.

The financing includes €1.2 million in concessional funding provided by the Global Environment Fund, reflecting the project’s strong sustainability credentials. All loan proceeds are fully aligned with the EBRD’s Green Economy Transition principles and will be used for the construction of the logistics facility and the acquisition of advanced equipment. By consolidating logistics activities and introducing automated warehousing and handling systems, the investment is expected to deliver substantial gains in operational efficiency and scalability.

Environmental performance is a core feature of the new logistics centre. The facility is designed to exceed national energy efficiency requirements by achieving an energy performance certificate at least one level above the regulatory standard. Circular economy principles are embedded throughout the project, including measures to reduce resource use and environmental impact, while rooftop solar installations will further improve energy efficiency and lower emissions.

The investment is among the first in Serbia to incorporate a dedicated Circular Economy Regional Initiative roadmap alongside concessional financing. Through this framework, Farmalogist will introduce a range of circular practices, including packaging optimisation, waste minimisation, expanded use of renewable energy, and automated recycling processes. These measures are intended to reduce the environmental footprint of the new centre while strengthening long-term sustainability across the company’s operations.

Matteo Colangeli, EBRD Regional Director for the Western Balkans, said the project supports both modern logistics development and higher sustainability standards in the region. He noted that the inclusion of a dedicated circular economy component positions Farmalogist as an example of how private-sector companies can combine innovation, efficiency, and environmental responsibility to build more competitive supply chains.

Janko Radunovic, director and shareholder of Farmalogist, described the financing as a key milestone for the group’s growth strategy. He said the investment will enhance logistics centralisation, expand capacity, and accelerate automation, while also supporting the company’s ambitions to improve energy efficiency and advance the green transition with the EBRD’s support.

The EBRD remains a major investor in Serbia, having committed more than €10 billion across nearly 400 projects. Its activities in the country focus on strengthening private-sector competitiveness, promoting the green economy, and supporting sustainable infrastructure development.

Media Contact:

Bojana Vlajcic
Email: media@ebrd.com 

SOURCE: EBRD