EBRD promotes modern retail standards in Uzbekistan

One of Uzbekistan’s leading electronics retailers is expanding its regional operations

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  EBRD provides US$10 million loan to leading local retailer, CA-store
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  Modern retail standards in Uzbekistan
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  New opportunities for inclusive employment in the regions

The European Bank for Reconstruction and Development (EBRD) supports the further development of modern retail and e-commerce standards in Uzbekistan by financing the expansion of one of the country’s leading electronics and household appliances chains, CA-store (previously known as “Credit Asia”).

The EBRD loan of up to US$10 million will finance CA-store’s working capital needs for its expansion beyond the capital Tashkent. The Uzbek retailer is expected to cover all major cities in the next few years.

The funds will also be used to develop CA-store’s online sales by introducing new e-commerce standards in the country’s rapidly growing e-commerce market and offering online shopping services to customers across the country.

The increased regional reach of the CA-store will contribute to reducing the grey economy by offering authentic goods and full compliance with national tax requirements.

As part of the project, the CA-store will both create equal and fair employment opportunities for its employees and ensure better integration for customers in all regions of the country.

Uzbekistan has been the leading recipient of EBRD financing in Central Asia for four years running. The Bank has invested some €4.7 billion in 162 projects across the country to date, with the majority of this funding supporting private enterprise.