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Azerbaijan’s shipping company negotiates with EBRD on attracting loan

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.
Source: Trend

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