Customers across Tajikistan will enjoy better retail standards as a result of the expansion of Schiever Tajikistan supermarkets across the country with support by the EBRD.
New stores operating under Schiever’s Bi1 brand will offer new standards in food quality, hygiene and logistics as well as lower prices compared to the country’s traditional open-air markets.
Reliable but affordable food retail outlets are a necessity for Tajikistan, where macroeconomic challenges affects the purchasing power of the local population.
The EBRD’s investment of €3.5 million will help the expansion of the country’s leading retailer Schiever Tajikistan, which holds the franchise for Auchan hypermarkets.
The Bank, which has a 34 per cent stake in Schiever Tajikistan, has been working with Schiever Group of France since 2015 on improving retail standards in the country. Schiever Group also is contributing €6.5 million towards the implementation of the expansion programme.
The signing ceremony was held at the State Committee on Investments and State Property Management of the Republic of Tajikistan. The ceremony was attended by the government represented by Chairman of the State Committee on Investments and State Property Management Mr F. Hamralizoda, EBRD Governor for the Republic of Tajikistan.
To date, the EBRD has invested nearly €690 million in various sectors of Tajikistan’s economy.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Schools encouraged to open up sports facilities all year round
CBP officers seize $900K worth of counterfeit U.S. currency
Two Day National Workshop on ‘Climate Climate Change Mitigation and Adaption’
Tata AutoComp to Supply Powertrain Solutions for EVs in India
Relish the Flavours of India This Republic Day at Spice Kitchen, JW Marriott Pune
2014 The Global Indian New Network (TGINN)