ASCO receives $60 million loan from EBRD

The state joint stock company «Azerbaijan Caspian Shipping Company» (ASCO) will receive a $60 million loan from the European Bank for Reconstruction and Development (EBRD). This was announced by the EBRD. The EBRD's board of directors has already approved the loan, the report said. The funds will be provided to ASCO for purchase of 2 dry cargo vessels in line with its international expansion strategy. Thus, the state-o...

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