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  • EBRD provides $4 mn loan to Caspian Beverage Holding in Kazakhstan
3 June, 2020 13:31

EBRD provides $4 mn loan to Caspian Beverage Holding in Kazakhstan

Consumers in Kazakhstan will enjoy greater variety and wider availability of beverages offered by the popular local producer Caspian Beverage Holding (CBH) following the enlargement of its distribution network with support from the European Bank for Reconstruction and Development (EBRD). The sales expansion is expected to result in increased market share in Kazakhstan and improvements in operational efficiency across the company and its subsidiaries, Strategy2050.kz reports with reference to ebrd.com.

EBRD provides $4 mn loan to Caspian Beverage Holding in Kazakhstan | Strategy2050.kz

A five-year EBRD loan of up to US$ 4 million will help CBH procure refrigerators which are compliant with the requirements of the Environmental Protection Agency (EPA) using a natural, non-toxic and ozone-friendly hydrocarbon refrigerant also known as R290. The funds will also be used to support CBH working capital needs, including the acquisition of beer kegs and other specialised equipment.

The project is supported by the EBRD through its agribusiness and SME development strategies, and included advisory interventions financed by the Government of Kazakhstan and the EBRD Special Shareholders Fund.

The introduction of new technology is supported by the Global Environment Facility under the EBRD’s Resource Efficiency Transformation Programme (RESET) through a US$ 48,000 grant. They will help reduce annual CO2 emissions by nearly 620 tonnes and energy consumption by 40 per cent compared to existing units.

To date, the EBRD has invested €8.63 billion through 273 projects in the economy of the Republic of Kazakhstan. Support of small businesses is particularly important as the country moves to reform its economy and strengthen its private sector.

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan