EBRD to allocate a loan to an Azerbaijani company


December 2, Fineko/abc.az. The EBRD will allocate money to Azerbaijani company Gemma Group LLC.

ABC.AZ reports that the bank approved allocation of a loan to the company in the amount of 5.6 million euro.

The loan is given for construction of three modern warehouses.

The total cost of company's project for construction of three modern warehouses is 19.105 million euro.

"The project will help the company expand operations in a new business direction and diversify its revenues," the EBRD says.