ID :
112130
Wed, 03/17/2010 - 15:32
Auther :
Shortlink :
http://m.oananews.org//node/112130
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EBRD TO INVEST $100-200 MILLION IN AZERBAIJAN`S ECONOMY IN 2010
Baku, March 17 (AzerTAc). The European Bank for Reconstruction and Development intends to invest $100-200 million in Azerbaijan`s economy in 2010, EBRD President Thomas Mirow said at the press-conference.
"We will continue investing in the financial sector and in the real estate sector of Azerbaijan", the EBRD head said.
According to him, in 2009 the bank invested € 230 million in Azerbaijani economy, 120 million euros was spent to finance the project of Karadagh cement plant.
These investments once again prove the implementation of the EBRD`s goals to maintain the real sector of the economy of Azerbaijan", Thomas Mirow said.
The Bank has financed 103 projects worth $1.4 billion. Financial institutions of the country, cooperating with the EBRD, got 69 lines of credit and investments in capital totaling $223 million.
"We will continue investing in the financial sector and in the real estate sector of Azerbaijan", the EBRD head said.
According to him, in 2009 the bank invested € 230 million in Azerbaijani economy, 120 million euros was spent to finance the project of Karadagh cement plant.
These investments once again prove the implementation of the EBRD`s goals to maintain the real sector of the economy of Azerbaijan", Thomas Mirow said.
The Bank has financed 103 projects worth $1.4 billion. Financial institutions of the country, cooperating with the EBRD, got 69 lines of credit and investments in capital totaling $223 million.
