The European Bank for Reconstruction and Development (EBRD) is extending a €8 million loan to GemZA Group in Azerbaijan. GemZA Group is a leading provider of engineering, procurement and repair services for rotating equipment, such as pumps and valves.
With EBRD support, GemZA Group aims to expand its production capacity, grow the range of services it offers and become more competitive on pricing and quality. With greater financial flexibility, it will be able to offer more attractive terms and expand its client base.
The EBRD is a leading institutional investor in Azerbaijan. To date, the Bank has invested €3.2 billion through 177 projects in the country.
Find out more
More campaign pages:
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 B&S Europe-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.