Baku 26° 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
10:21
Video
Türkiye's AFAD rescuers receive Venezuelan state order
Region10:09
Putin, Trump discuss Ukraine, Iran in 85-minute phone call
Region09:54
Azerbaijani MPs attend OSCE PA Annual Session in The Hague
Foreign policy09:33
Baku TV leads as Azerbaijani channels gain millions of online views
Media09:16
Erdoğan, Mark Carney discuss Türkiye-Canada relations
Region09:08
Hakan Fidan, Qatari PM discuss regional developments
Region03:43
Hungarian PM submits amendments to remove president from office
Other countries03:35
Türkiye supports Pakistan's role in US-Iran ceasefire process
Region03:19