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Your email address will not be published.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.
UK Government announces £10 million for small businesses to kickstart tourism
Aditya Birla Sun Life Insurance launches Child’s Future Assured Plan
Andy Edwards appointed Springboks new Head of Athletic Performance
Sonalika records 55% growth in domestic volume in June’20. Outpaces industry growth at 23%
Liberty General Insurance Introduces ‘Liberty Assure’ –
2014 The Global Indian New Network (TGINN)