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.
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