Ukrainian yeast maker Enzym to build new plant with €10 million loan from European Bank for Reconstruction and Development

Ukrainian yeast maker Enzym to build new plant with €10 million loan from European Bank for Reconstruction and Development

January 6, 2021

Ukrainian yeast producer Enzym will expand production thanks to a €10 million loan from the European Bank for Reconstruction and Development (EBRD).

The decision to construct the plant for yeast products in Lviv – the first of its kind in Ukraine – followed consultancies with the EBRD’s International Advisory programme. The producers’ environmental and social due diligence and legal costs were funded under the EU4Business programme in Ukraine.

Enzym is a market leader in Ukraine and exports about 40% of its products to 13 European countries.The owners of Enzym, the siblings Olena and Rostyslav Vovk, are now investing in the construction of a state-of-the-art facility for yeast-based food ingredients – a fast growing market segment that creates opportunities for moving to a more plant-based diet, promoting a more sustainable, environmentally friendly lifestyle.

The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €14.5 billion through 486 projects in the country.

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