Norfund is investing USD 10 million in the Ukrainian biscuit manufacturer Yarych to support the company’s continued growth.
The company employs around 500 people at its production facility in the Lviv region in western Ukraine, close to the EU border - an important advantage for maintaining exports.
“Yarych’s impressive development in recent years, despite the war, reflects th
“With this investment, we are not just supporting growth. We are supporting people whose livelihoods depend on this factory continuing to run, even amidst a full-scale war,” says Andriievska.
Last year, Norfund’s investments in developing countries aimed at creating jobs and avoiding emissions delivered returns of 7.2 per cent and 11.4 per cent respectively, measured in investment currency. “Good returns are important in order to combat poverty and limit climate change more effectively,” says Tellef Thorleifsson, CEO of Norfund.
