Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its USD 3 million financing to Ecosoft, the country’s leading producer of water purification equipment.
A five-year loan will help the company to increase its production and storage capacity by purchasing additional injection moulding equipment. Ecosoft will also commission a new warehouse, improve its range of pitcher-type water filters and launch the production of reverse osmosis filtering membranes thus offering domestic customers an affordable high-tech alternative to imported water filters.
The investment is supported by the European Union (EU) under the EU4Business Initiative which is designed to support small and medium-sized enterprises (SMEs) in the countries that will benefit from a Deep and Comprehensive Free Trade Area with the EU (DCFTA).
Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.