EBRD helps ABN-MB Group to expand operations
Uzbekistan, Feb. 19 -- The European Bank for Reconstruction and Development (EBRD) is promoting competition in Uzbekistan's food-service sector by supporting ABN-MB Group, a popular operator of coffee shops and restaurants across the country.The EBRD's loan of up to €6 million will finance the Group's capital expansion programme. The funds will be used to purchase specialist food-production equipment and to construct a new production and warehousing facility, which will double its centralised food-production capacity. This investment will help to increase the Group's overall efficiency and reduce its reliance on imported produce, as the Group further plans to localise key food-production processes.Support for the expansion is expected...
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