The European Bank for Reconstruction and Development (EBRD), alongside the Enterprise Expansion Fund II (ENEF II), is providing €6 million loan to Rec Kos, a recycling company located in Kosovo
The project will be co-founded on a pari passu basis between the EBRD and the ENEF II, each providing up to €3 million, aiming to help Rec Kos with its expansion plans, including the construction of a new processing facility and related equipment purchases. This includes the construction of a new processing facility near Drenas Industrial Park near Pristina, a wastewater treatment plant and the acquisition of advanced recycling equipment to process tyres, aluminium, cables, batteries, and more. “The project aims to enhance operational efficiency and environmental sustainability in Kosovo’s recycling sector,” the bank said.
Alongside the EBRD and ENEF II, which provide €3 million each, €1 million of the EBRD’s funding is provided by the government of Taiwan.
Adriatik Shaqiri, owner of Rec Kos, says: “The new facility and advanced equipment will significantly improve our processing capacity and environmental performance. We are proud to contribute to the country’s transition towards a circular economy, while strengthening Kosovo’s position in regional and European recycling markets.”
Sergiy Maslichenko, EBRD head of Kosovo, says: “This investment demonstrates our commitment to strengthening local small and medium-sized enterprises and promoting sustainable industrial development through green finance.”
Established in 2008 and based in Kosovo, Rec Kos operates in the “collection, processing, sorting, and conditioning/grinding/compacting, and trading of ferrous and non-ferrous metals, electronics, waste plastics and waste oils,” according to EBRD. The company is also the second-largest exporter in Kosovo.
