The European Bank for Reconstruction and Development (EBRD) is extending a working capital loan of up to $6mn (€5.7mn) to UzCarlsberg, the Uzbekistan-based subsidiary of the global brewing giant Carlsberg Group. The loan aims to support the company’s operational efficiency and help raise food safety standards in the country’s beverage sector.
As Uzbekistan’s sole producer of internationally branded beers, UzCarlsberg will use the funds to purchase essential ingredients and packaging materials, as well as optimize its management of seasonal stock. This financial injection will provide the company with increased flexibility, especially during the summer months when demand typically surges.
The loan is part of a broader collaboration supported by the Japan-EBRD Cooperation Fund, which aims to facilitate private sector development in EBRD member countries.
UzCarlsberg has been an EBRD client since 2022. The partnership underscores the bank’s ongoing support for private enterprises in Uzbekistan, which has been the leading recipient of EBRD funding in Central Asia for the past five years.
To date, the EBRD has invested more than €5.5bn across 174 projects in the country, with a strong focus on fostering entrepreneurship and enhancing competitiveness.
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