Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday January 25 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

EBRD to provide new loan for Turkmenistan's construction sector

11 July 2020 15:11 (UTC+04:00)
2 034

By Trend

European Bank for Reconstruction and Development (EBRD) will allocate a loan for Turkmenistan’s Ak-hunji company, the representative of EBRD Anton Usov told Trend.

Ak-hunji company is engaged in production of building materials in Turkmenistan. Thus, the country's construction sector will receive a timely inflow of funds.

"The loan will be allocated to the mentioned company at the end of July," Usov said, without mentioning the amount of the loan.

The report dismissed previous news that EBRD has already provided a loan to Ak-hunji company, as reported by Business Turkmenistan news portal.

"The loan amount is $1.8 million. An individual enterprise will be able to improve the quality and durability of its products, as well as increase its export abroad," the report had said.

Launched in 2009, Ak-hunji operates using modern and safe raw materials from the Republic of Korea, China and Hungary. Ak-hunji company produces 60 types of decorative profiles and ceiling panels as well as 200 types of architectural elements for building facades. An important share of the company's products accounts for sandwich panels.

Anton Usov added that EBRD may provide similar loans to Turkmen companies if the right opportunities emerge.

The European Bank for Reconstruction and Development pays special attention to expanding private sector activities in Turkmenistan’s corporate and financial sectors. To date, the bank has implemented over 70 projects in the country.

---

Follow us on Twitter @AzerNewsAz 

  • #EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)
  • #TURKMENISTAN

Related News

President Aliyev: Azerbaijani-Turkmen joint energy accord historic <span class="color_red">[UPDATE]</span>

President Aliyev: Azerbaijani-Turkmen joint energy accord historic [UPDATE]

22 January 12:50
MoU on Dostluk oil &amp; gas field is new milestone in dev’t of Azerbaijan-Turkmenistan ties - SOCAR

MoU on Dostluk oil & gas field is new milestone in dev’t of Azerbaijan-Turkmenistan ties - SOCAR

21 January 17:00
Azerbaijan, Afghanistan, Turkmenistan sign roadmap to intensify co-op in several spheres

Azerbaijan, Afghanistan, Turkmenistan sign roadmap to intensify co-op in several spheres

20 January 14:35
Turkmenistan appoints new ambassador to Kazakhstan

Turkmenistan appoints new ambassador to Kazakhstan

4 January 13:11
Lithuania eyes developing co-op with Turkmenistan in transport sector

Lithuania eyes developing co-op with Turkmenistan in transport sector

21 December 2020 11:58
FAO promotes use of climate-friendly farming methods in Turkmenistan

FAO promotes use of climate-friendly farming methods in Turkmenistan

18 December 2020 13:25
SOCAR wins Eni’s tender for oil purchases from Turkmenistan

SOCAR wins Eni’s tender for oil purchases from Turkmenistan

14 December 2020 14:39
Turkmenistan set to continue providing humanitarian assistance to world countries

Turkmenistan set to continue providing humanitarian assistance to world countries

10 December 2020 18:50
ARETI making efforts to increase export potential of Turkmenistan’s fuel, energy sector

ARETI making efforts to increase export potential of Turkmenistan’s fuel, energy sector

9 December 2020 16:37
Turkmenistan signs document approving development program

Turkmenistan signs document approving development program

7 December 2020 17:40
  • Latest
  • Popular
24 January 16:58 • Body of Azerbaijani citizen killed on Turkish ship to be sent to his homeland soon - Azerbaijani Foreign Ministry
24 January 15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
24 January 15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
24 January 14:53 • Country registers 287 new COVID-19 cases
24 January 13:44 • WHO reports over 600,000 new daily cases of COVID-19
24 January 13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
24 January 13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
24 January 12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
24 January 12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
24 January 12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
24 January 12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
24 January 11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
24 January 11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
24 January 11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
24 January 10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
24 January 10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
24 January 10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
24 January 10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
23 January 18:00 • Azerbaijan confirms 705 more COVID-19 recoveries
23 January 15:44 • Azerbaijan shares footage from Ashaghy Maralyan village of Jabrayil district
24 January 15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
24 January 16:58 • Body of Azerbaijani citizen killed on Turkish ship to be sent to his homeland soon - Azerbaijani Foreign Ministry
24 January 15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
24 January 11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
24 January 12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
24 January 13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
24 January 10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
24 January 10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
24 January 13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
24 January 10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
24 January 10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
24 January 11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
24 January 12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
24 January 12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
24 January 13:44 • WHO reports over 600,000 new daily cases of COVID-19
24 January 11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
24 January 12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
24 January 14:53 • Country registers 287 new COVID-19 cases
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved