LTD Avaza is a start-up company that was set up for production of paper for various uses such as –hygiene, wrapping paper, packaging, etc. The company took a EU4Business-EBRD Credit Line loan and invested in the purchase and installation of an automated production line and in the repair works of the production building and its surrounding territory. The investment greatly contributed to increases production output, improved health & safety condition of personnel. As a value-added benefit, the project also resulted in significant environmental improvements. The new production line is manufactured in line with the European regulations and is therefore fully optimized regarding energy efficiency standards. Moreover, it allows the use of recycled paper, which reduces the amount of paper disposed into landfills. After the successful project verification the company received 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.
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