EBRD discusses projects in Azerbaijan

EBRD discusses projects in Azerbaijan
Published: 25 September 2009

The mission of the European Bank of Reconstruction & Development (EBRD) has paid a visit to Azerbaijan.

Well-informed sources say that the mission conducted consultations with partners and the government discussing valid and future projects in the country. Among them credit facilities for cement producer Garadagh Cement (it was endorsed but not signed) and Azerbaijan Methanol Company (AzMeCo), and on acquisition of a 10% equity stake in card-processing company Milli Kart.

The EBRD, whose portfolio on Azerbaijan approaches to 1 billion euro is ready to expand its involvement in country’s economy and financial sector.