1 week Ago
Bank Respublika, one of the largest commercial banks in thecountry, and the European Bank for Reconstruction and Development(EBRD) have signed a loan agreement to finance projects aimed atsupporting the green economy in Azerbaijan. The loan was provided in cooperation with the European Unionwithin the European Fund for Sustainable Development Plus (EFSD+)programme. According to the agreement, the international financialinstitution will provide Bank Respublika with a synthetic loan inAzerbaijani manats (AZN) equivalent to USD 7.
5 million with a tenorof 3 years. The loan funds will be directed towards supporting small andmedium-sized enterprises (SMEs) that are implementingenvironmentally friendly technologies and production methods. Theseinclude projects aimed at improving energy efficiency, utilizingrenewable energy sources, minimizing waste, and reducing the carbonfootprint.
The goal of this collaboration is to support sustainabledevelopment and facilitate the transition to a green economy inAzerbaijan. The loan will serve as an important resource forimplementing environmental projects, improving businessinfrastructure, and encouraging businesses that are focused onenvironmentally responsible solutions. You can get more detailed information on the official of the bank, as well as on , , , pagesor by calling the Bank's Call Center at 144.
.
