Uni Credit Bank Austria has provided several companies of SOCAR Trading Group a loan of 250 million dollars. The loan aims to support the trading activities of the companies. The legal adviser for the agreement is the British company Norton Rose Fullbright.
SOCAR getting the credit has caused criticism by the opposition. The Chairman of the Popular Front Party Ali Kerimli on his Facebook page questioned the feasibility of obtaining loans by SOCAR. He recalled that last year the company received loans from Gazprombank, amounting to 489 million USD, from the International Bank of Azerbaijan, amounting to 1 billion 291 million USD and from Canada, amounting to 3.3 billion USD.
Kerimli criticizes the SOCAR external borrowing policy and fears that the state will pay for it in the end. -03D-
Politics
-
A court in the Mangystau region of Kazakhstan has sentenced blogger Azamat Sarsenov to a 10-day detention for filming the crash site of an Embraer 190 passenger plane in Aktau. The ruling was confirmed by the court's press service, according to reports from RBC.
-
The families of those killed in the crash of the AZAL passenger plane “Embrayer-190” will be paid compensation in the amount of 40 thousand manats (about 24 thousand dollars).
-
On 26 December, Ramzan Kadyrov awarded his nephew Khamzat Kadurov, who holds the post of secretary of the Chechen Security Council, with the medal "For Services to the Chechen Republic".
-
The Russian side must apologize for the air defense attack on the Azerbaijani civilian aircraft, said Azerbaijani MP Rasim Musabeyov.
Leave a review