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The US $ 1.3 million was allocated by the EBRD for a private business project in Turkmenistan

14:0722.08.2019
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The US $ 1.3 million was allocated by the EBRD for a private business project in Turkmenistan

The US $ 1.3 million was allocated by the European Bank for reconstruction and development (EBRD) to the Turkmen private enterprise "Rysgally El" to launch a new line for the production of baby diapers, the EBRD said in a press release.

According to the information, the allocated funds will be used to replace outdated production equipment and install new production systems that will allow “Rysgally El” to produce about 40 million diapers per year.

The EBRD has invested € 272 million in Turkmenistan through 72 projects since the start of operations in the country. The Bank also provided Advisory support to more than 200 small and medium-sized enterprises throughout Turkmenistan.

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