Baku 15° 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
15:08
Iran faces near-total internet outage for more than 500 hours
Region15:04
Format, schedule changed for FIFA Series 2026 tournament in Azerbaijan
Football14:59
Qatar: Three Turkish citizens killed in helicopter crash – UPDATED
Other countries14:41
Photo
Azerbaijan receives international award for tennis development
Individual sports14:18
Photo
Two buildings collapse in Istanbul's Fatih district
Region13:57
Heydar Aliyev International Airport achieves another milestone in global rankings
Business13:09
Media: US allies not ready to support military operation in Iran
Other countries12:38
Musk announces 'Terafab' to internalize Tesla and SpaceX chip production
ICT12:18
Photo