The European Investment Bank (EIB) has allocated a credit line of 10 million euros to Azerbaijan, APA-Economics reports citing Bank.
According to information, the credit line was allocated within the framework of the cooperation initiative with small and medium enterprises (SME) in the Caucasus countries. It was noted that the project will provide this resource to small financial intermediaries and micro, small and medium-sized enterprises that currently have difficulty accessing finance. Before that, the EIB allocated a credit line of 10 million euros for the financing of small and medium enterprises in Georgia.
Thus, the portfolio of the European Investment Bank for Azerbaijan reached 110 million euros for 5 projects after 2013.
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