Azerbaijan’s shipping company negotiates with EBRD on attracting loan

Negotiations are at the moment underway between ASCO Azerbaijan Caspian Transport Firm and EBRD European Financial institution for Reconstruction and Improvement on attracting a mortgage, Minister of Economic system Mikayil Jabbarov informed RealTV, Pattern studies.

Based on him the negotiations are within the remaining stage.

“If the negotiations are profitable, EBRD will allocate a mortgage to ASCO with out a authorities assure. Mortgage funds are deliberate to be directed to the growth of transport fleet, the event of shipbuilding plant and and so on.,” he stated.
Supply: Pattern