According to the information, the credit line is allocated within the framework of the cooperation initiative with small and medium-sized business entities in the Caucasus countries (MSME), reports APA.
It is noted that the project will provide this resource to micro, small, and medium-sized enterprises, which are currently experiencing difficulties in accessing financing. Previously, the EIB allocated a credit line of 10 million euros for financing small and medium-sized businesses in Georgia.
Thus, the portfolio of the European Investment Bank for Azerbaijan after 2013 has reached 110 million euros for 5 projects.
