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Poland Prepared to Allocate Loan to Azerbaijani Companies under State Guarantee: Deputy Finance Minister

Business Materials 18 October 2007 12:36
Poland Prepared to Allocate Loan to Azerbaijani Companies under State Guarantee: Deputy Finance Minister

Poland, Warsaw / corr Trend S.Agayeva / The Polish Finance Ministry offers Azerbaijan priviled and commercial loan. "We are prepared to allot loan to Azerbaijani companies under state guarantees," Katarzyna Jamal-Zhuchidlo, said in talks with journalists in Warsaw on 18 October.

According to the deputy minister, the loan can be allocated under low rates.

"Our terms on allocation of credits are profitable and comprise approximately 2% [per annum], but still they will depend on talks which will be held in Baku on 7-8 November as part of a meeting of the intergovernmental commission on economic cooperation between Azerbaijan and Poland," she said.

The deputy minister did not name the expected amount of loan.

" Poland is prepared to support development of the Azerbaijan's economy and we have received different projects from our counterparts requiring financing, the deputy minister said.

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