Azerbaijan: EBRD supports food and drink manufacturer Avrora with €25 million loan
April 7, 2021

Azerbaijan: EBRD supports food and drink manufacturer Avrora with €25 million loan

The European Bank for Reconstruction and Development (EBRD) is strengthening Azerbaijan’s agribusiness sector with a €25 million loan to Avrora LLC, a leading producer of pasta, confectionery, soft drinks and flour products.

The loan will be provided in Azerbaijani manat in two equal tranches. The first tranche will be used to finance a new pasta production line. The second will be used for the acquisition of new equipment for the production of biscuits, cakes and animal feed.

Under the cooperation with the EBRD, Avrova will set up a training programme to provide new and existing employees with accredited skills in technical occupations as well as in e-commerce. In addition, the company will ensure that its current activities provide equal opportunities to women and men. Avrora will also review its human resources policies and practices to improve working conditions, making sure that they are equal for women and men.

The EBRD is a leading institutional investor in Azerbaijan. To date, the Bank has invested €3.1 billion through 174 projects in the country and helped more than 1,000 firms.

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,