date:Jul 20, 2015
EBRD to invest in first Auchan hypermarket in Central Asia
Auchan franchise holder Schiever Tajikistan will receive investment from European Bank for Reconstruction and Development (EBRD) for its first Auchan hypermarket in Central Asia, retail-business-review.com reports. EBRD will provide 5m in loan to Schiever Tajikistan, under a loan agreement signed last year. To be spread over an area of around 5,000 m, the proposed hypermarket will sell products at lower prices while maintaining new stand