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“The commercial and municipal infrastructure in the Balkans region is underdeveloped and there are still many things to improve for it to reach the EU standards,”
said Shahbaz Mavaddat, IFC director for South Europe and Central Asia.
As of December 31, 2007, the company had EUR 2.2 billion ($3.3 billion equivalent) in revenues and employed over 11,000 people.
Corina Saceanu