Azerbaijan, Austria sign three papers at business forum
Three documents were signed within the Azerbaijani-Austrian business forum held in Baku in presence of Presidents Ilham Aliyev of Azerbaijan and Heinz Fischer of Austria.
Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Austrian Federal Economic Chamber signed a memorandum of understanding.
Azerbaijani ELBA Company (meat cutting company) signed a cooperation agreement with the Austrian company.
The third agreement was signed between the Azerbaijani DemirBank and Netherlands Development Finance Company (FMO), which organized a syndicated loan of $25 million.
Of the total loan, $12.5 million is provided by FMO, $7.5 million by the Austrian Development Bank (OeEB) and the remaining $5 million by other financial institutions - Austrian Raiffeisen Bank International AG, Dutch DemirHalk Bank N.V. and Swiss Atlantic Forfaitierungs AG.
The business forum was attended by 64 people from 45 companies of Austria and over 200 entrepreneurs of Azerbaijan.
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