Czech Banks to Finance Export of Czech Goods to Azerbaijan

Business Materials 4 July 2008 20:13 (UTC +04:00)

Azerbaijan, Baku, 4 July / Trend corr I.Khalilova/ "The Czech Export Bank and the Czechoslovakia Trade Bank are ready to finance export of Czech goods to Azerbaijan," Azerbaijan Export & Investment Promotion Foundation (AZPROMO) reported on 3 July.

Czech Export Bank intends to offer export transactions requiring long-term financing resources, which are risky and inadmissible for commercial banks, to its potential partners in Azerbaijan. That is a specialized state bank, which is an integral part of the state export support system, offering preferential middle-term and long-term financing to Czech export and direct foreign investments of Czech companies.

Czech Trade Bank offers export credits insured by the Czech state insurance company EGAP to purchasers of Czech goods.

On 3 July, exchange rate totalled 0.8093 AZN/USD.

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