Negotiations are currently underway between ASCO Azerbaijan Caspian Shipping Company and EBRD European Bank for Reconstruction and Development on attracting a loan, Minister of Economy Mikayil Jabbarov told RealTV, Trend reports.
According to him the negotiations are in the final stage.
“If the negotiations are successful, EBRD will allocate a loan to ASCO without a government guarantee. Loan funds are planned to be directed to the expansion of shipping fleet, the development of shipbuilding plant and etc.,” he said.
Source: Trend
