The European Bank for Reconstruction and Development (EBRD) has approved a US$10 million (€8.6 million) financing programme for Texnomart, one of Uzbekistan’s leading retailers of consumer electronics and household appliances. The funding marks a further step in the EBRD’s cooperation with the company and is aimed at supporting its continued growth and modernization in the country’s retail sector.
The financing will enable Texnomart to invest in modern retail infrastructure and digital services designed to improve operational efficiency, service quality, and the overall customer experience. Through this support, the company is expected to strengthen its position in the market while adapting to changing consumer demands and expanding its retail capabilities.
The funds will be used for several strategic upgrades, including the purchase of new equipment, improvements to the company’s IT infrastructure, and the expansion of its product range. These investments are intended to help Texnomart streamline its operations, improve service delivery, and offer customers a broader selection of products.
In addition to strengthening business operations, the project will also contribute to human capital development. Texnomart plans to support staff development through internal capacity-building efforts, structured learning programmes, and an internship scheme developed in partnership with local educational institutions. This approach is expected to help build skills, create learning opportunities, and strengthen workforce readiness in Uzbekistan’s retail sector.
The project will also receive technical assistance from the Japan Europe Cooperation Fund, which will complement the financial investment by supporting implementation and capacity-building components. This added support is expected to enhance the project’s long-term impact and sustainability.
The financing reflects the EBRD’s broader commitment to private sector development in Uzbekistan. To date, the bank has invested nearly US$6.9 billion (€5.9 billion) in the country across 208 projects, with the majority of funding directed toward private entrepreneurship. Uzbekistan has remained the largest recipient of EBRD funding in Central Asia for each of the past six years, underscoring its importance as a key market for the bank’s regional investment strategy.
