(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 1. Negotiations are
currently underway between ASCO Azerbaijan Caspian Shipping Company
and EBRD European Bank for Reconstruction and Development on
attracting a loan, Minister of Economy Mikayil Jabbarov told
RealTV, Trend reports.
According to him the negotiations are in the final stage.
'If the negotiations are successful, EBRD will allocate a loan
to ASCO without a government guarantee. Loan funds are planned to
be directed to the expansion of shipping fleet, the development of
shipbuilding plant and etc.,' he said.
MENAFN01082022000187011040ID1104624728
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.