The FINANCIAL — Arassa Rysgal, a leading manufacturer of light footwear in Turkmenistan, produces enough flip-flops to satisfy the demand of practically every citizen. With finance and business advice from the EBRD, funded by the European Union (EU), the company diversified its operations and became the first in the country to launch production of trainers and wellington boots. According to EBRD, Ayhan Rejepova, the owner, started the business back in 1997, trading dried fruit and nuts. It was an instant hit with a daily volume of 1.5 tonnes of goods, so Ms Rejepova started pondering diversification and the establishment of…
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