EBRD, CIF and GCF support Armenian winemaker Vedi Alco

European Bank
Jan 2 2024

By Olga Aristeidou

Like all wineries around the world, Vedi Alco, one of Armenia’s largest winemakers, has noticed the impact of climate change and looked for ways to become greener.

Under its Green Economy Financing Facility (GEFF), the EBRD and its partner financial institution Armswissbank supported the company in modernising its equipment to improve energy efficiency and make production more sustainable.  

GEFF in Armenia is supported by the Climate Investment Funds (CIF) and the Green Climate Fund (GCF).