13 November 2019

00:00:00 (GMT+5)

Tashkent +12,5 °C

International relations
1 Nov  2019 86

EBRD opens second office in Uzbekistan

The Andijan office will mainly be supporting local small and medium-sized enterprises (SMEs).

The Andijan office will mainly be supporting local small and medium-sized enterprises (SMEs) through expert advice, training and a variety of financial tools.

Following the adoption of a new country strategy for Uzbekistan, in 2018 the EBRD signed 12 projects worth almost €400 million, a record level of business for the Bank in the country in a single year. Significant investments were made in the municipal and power infrastructure sectors, including the rehabilitation of water and wastewater infrastructure in the Fergana Valley, as well as in banking and industry. This year, the EBRD has already invested almost €250 million into the national economy.

The first office was opened in Tashkent in 2017. The organization has been operating in Uzbekistan since 1993, but since 2010, bank operations in the country have been suspended.

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