The European Bank for Reconstruction and Development (EBRD) granted a loan to the Azerbaijani company "Gemza Group" LLC.

"APA-Economics" reports about this with reference to EBRD.

According to information, the Bank allocated a high-level secured loan of up to 5.6 million euros to Gemza Group LLC for the construction of three modern warehouses with a total cost of 19.1 million euros.

It should be noted that "Gemza Group" is a company that provides equipment (pumps and valves), spare parts production and repair, maintenance and overhaul services in Azerbaijan, some Central Asian countries, UAE and Turkey.

This is the second loan granted by EBRD to the company.