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EBRD proceeds investing in Mary

On 16th April 2019, in EBRD’s Ashgabat office a loan agreement was signed between EBRD and the highest producer of genuine leather manufactured shoes who operates in Mary region and which known in Turkmenistan under the trademark “Röwşen”. The Röwşen IP will get funds from European Bank for Reconstruction and Development required for the improving its production lines and diversification of production items. After the modernization, the Company’s production assortment will include a wide variety of genuine leather manufactured classic shoes for men, sport shoes, and shoes for ladies and kids. For application modern technologies and improving the quality of manufactured items, the Company attracts qualified consultants from Italy involved through the EBRD EGP Program. Actually, the Turkmen Expert was involved in elaboration of the business plan and has assisted in investment consulting during the Project.

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