VARUS, part of TERWIN, seeks $25 million loan from EBRD

18.03.2025

The national supermarket chain VARUS is in the process of signing an agreement with the European Bank for Reconstruction and Development (EBRD) to secure long-term financing. This step marks a key milestone in the company’s large-scale retail expansion, aimed at improving food accessibility and strengthening its logistics infrastructure.

VARUS is part of TERWIN, a corporation established to scale successful business experience through strategic projects that support Ukraine’s development.

The EBRD has approved a potential loan of $25 million as part of a broader $53.1 million project. The initiative also includes grant support from the Japan-EBRD Cooperation Fund (JECF) and other international donors. With this funding, VARUS plans to open new stores, upgrade existing ones, and implement energy-efficient solutions across its network.

The partnership with the EBRD is another step in VARUS’s commitment to sustainable development, aligning with global trends in environmental responsibility and business energy efficiency.

“We are actively developing VARUS to improve service for our customers and support the Ukrainian economy. Cooperation with the EBRD opens new opportunities for network expansion, making quality food more accessible to more Ukrainians. This is also a key step in supporting the domestic market and creating new jobs,” said Marina Panina, CFO of VARUS.

The financing will help enhance the resilience of Ukraine’s private sector and ensure stable food supply under challenging economic conditions. As part of the project, the company aims not only to expand its regional presence but also to implement modern technological solutions to increase operational efficiency.