On November 10, a $10 million loan agreement was signed between the European Bank for Reconstruction and Development and Joint Venture «Agromir Juice» LLC.

New investments in the agro-industrial sector implicate the beginning of a new stage of the EBRD's activities in Uzbekistan. The Bank is contributing to support the Republic of Uzbekistan in its efforts to become a major agricultural producer in Central Asia.

The loan of $ 10 million provided by the EBRD to JV «Agromir Juice» LLC («Agromir») as the leading producer of juices on the Uzbek market, will enable the introduction of advanced industry standards and will be a positive signal for private investors interested in the Republic.

The amount of up to $ 5 million will be spent on the construction of a modern warehouse equipped with an automated control system. This will reduce losses, improve the efficiency of inventory management and contribute to savings in production and logistics. The remaining $ 5 million will be spent on the needs of «Agromir» in working capital and restructuring the balance of the enterprise.

EBRD's First Vice President Phil Bennett said: "This is our first agro-industrial project in the country for the past almost 10 years - since when we first started working with «Agromir». It is quite symbolic that our new interaction with Uzbekistan coincides with the resumption of our activities with this enterprise. Our financing will not only improve the performance of its work, but also improve its corporate governance system".

The EBRD is the largest investor in Central Asia with an investment of almost $ 12.3 billion, allotted for projects in a wide variety of sectors, from infrastructure to agriculture, with particular emphasis on private sector development.

We wish JV «Agromir Juice» LLC Ltd successful global transformations!