The European Bank for Reconstruction and Development (EBRD) in cooperation with TaiwanICDF (International Cooperation and Development Fund) has identified the local non-bank credit organization TBC Kredit a loan of $ 3.5 million.
As stated in the European Bank, it gives $ 2.5 million of this and the loan is intended to finance projects in the field of micro, small and medium enterprises (MSME).
The non-bank credit organization TBC Kredit operates in the financial market since 1999. Since December 2007, 75% of the company owned by the leading Georgian bank TBC Bank and 25% - ShoreBank International Ltd. -15D -
During its activity in Azerbaijan, the European Bank for Reconstruction and Development has invested in various sectors of the economy more than $ 2.1 billion. -15D--
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review