The European Bank for Reconstruction and Development (EBRD) reports that cumulative investments in Turkmenistan since the beginning of the Bank's operations amount to €325mn. The Bank's current portfolio in the country totals €26mn.
The EBRD provides financing to private companies outside the oil and gas sector, focusing on the food industry and distribution, logistics, transport services, packaging, furniture and hotel business.
"The EBRD's long-term relationship with a client provides comfort to the client to be willing to take on more risk and/or finance, enabling outcomes such as innovation or expansion into new markets," the bank said in a press release.
Credits: Eziz Boyarov
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