The European Bank for Reconstruction and Development (EBRD) has announced that it will provide a loan of €60 million for financing the modernisation of Migros stores in Turkey.
The fund will be used to upgrade the retailer’s existing outlets and digital infrastructure, modernise logistics, and implement EU-compliant, energy-efficient technologies in new stores.
Vocational Training
Migros and EBRD also aim to raise the level of vocational skills in Turkey and create job opportunities for young people.
The supermarket chain has set up a retail academy, which will be accredited as a vocational training centre by a specialised state agency.
During the tenure of the loan, the academy will train around 2,000 young people and equip them with skills that are in demand in the retail sector.
