Turan Bank was able to attract a credit of $ 2 million from the Swiss financial company Respons Ability Investment AG for further supporting local entrepreneurs engaged in small and medium-sized businesses.
According to the information on the website of the bank, the loan will be repaid within three years.
The company Respons Ability Investment AG belongs to the Swiss financial institutions, and now its experts manage $ 2.9 billion of assets scattered in 535 enterprises in 93 countries around the world.
Turan Bank has operated from June 1992. Its founders are 6 legal entities and 22 individuals. --17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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