Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Slovakia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 3, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Kosit a.s.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Climate and Environment
Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Advisory Services

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 18, 2025

Disclosed by Bank Oct 3, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, the EBRD is considering providing a loan to Kosit a.s, a vertically integrated waste management company in Slovakia to finance construction and operation of the new modern Waste-to-Energy facility ("K3"). The new facility will be located adjacent to the two existing Waste-to-Energy lines owned and operated by the Company.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Information on the investment amount is not provided at the time of disclosure.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's LinkedIn profile, KOSIT was established in 2001. KOSIT is a technologically innovative company providing professional services in the field of waste management for the municipal, industrial and commercial sector, but also for individual customers. It is one of the most significant services providers in Slovakia dealing with this demanding and socially sensitive industry. Nowadays several companies with over 1300 employees belong to KOSIT Group. Except for comprehensive waste management services for both the public and the commercial sector, KOSIT also provides services in the field of summer and winter road maintenance, landscaping, as well as consultancy related to environmental legislation.

Shareholders of the company: WOOD & CO. (95%) and City of Košice (5%). Wood & Company is a leading independent investment bank in the Central and Eastern European region, with more than half a billion euros under management. One of the target areas of Wood & Co. investments is waste management, with an aim to promote progressive and environmentally friendly forms of waste management.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
WOOD & Company	Parent Company	Finance	owns	Kosit a.s.	Client	Climate and Environment

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Full ESIA documentation is available locally at:

KOSIT a.s. HQ - Magnezitarska 2/B, EcoPoint Offices, 040 22 Kosice
KOSIT a.s. ZEVO - 040 18 Kosice-Barca , 48.65838362217048, 21.31361136155999
City of Kosice - Magistrat mesta Kosice, Tr. SNP 48/A, 040 11 Kosice
City of Sebastovce - MU MC Kosice-Sebastovce, Podbelova 1, 040 17 Kosice
City of Valaliky - MU Polna 8, 044 13 Valaliky, obec@valaliky.sk, +421 55/6999804
City of Koksov-Baksa - MU +421 55/6999892

And EBRD Resident Office in Bratislava:

Europeum Business Centre
Suche Myto 1
81103 Bratislava, Slovak Republic
Tel: +421 2 59101700

And:

Company's website: https://www.kosit.sk/projekt-k3/

Environmental or social enquiries:

Richard Biznar
Head of Strategic Investments or COO
E-mail: richard.biznar@kosit.sk

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html