Baku 12° C
Baku Shipyard secures $5M interest-free loan from AZAL
Infrastructure
- 30 December, 2025
- 17:21
Baku Shipyard LLC has received a $5 million interest-free loan from Azerbaijan Airlines (AZAL) CJSC, Report informs.
The agreement between the two parties was signed on December 8. Under the contract, the loan was disbursed on December 15 and must be fully repaid by January 31, 2028.
Both companies operate under the supervision of Azerbaijan Transport and Communication Holding (AZCON), and the loan was issued within the framework of their related-party relationship.
Author
Latest News
23:59
Photo
Ahmed al-Sharaa discusses bilateral ties with Recep Tayyip Erdogan
Other countries23:49
IRGC sets new rules for ships passing through Strait of Hormuz
Region23:33
Athens to host Greece-Azerbaijan Intergovernmental Committee meeting in October
Foreign policy23:18
Photo
Azerbaijan, Belarus to boost cooperation in gymnastics
Individual sports22:55
Trump says he expects Iran deal 'in a day or two'
Other countries22:44
Levan Zhorzholiani: Georgia supports Azerbaijan-Armenia normalization
Region22:12
Sohail Mahmood: Azerbaijan determined to contribute to D-8 strategic vision
Foreign policy21:43
Lebanon death toll in Israel strikes nears 2,300
Other countries21:27
Photo