Baku, Azerbaijan, Sept. 6
By Huseyn Valiyev – Trend:
Azerbaijani entrepreneurs will receive a new mechanism of export financing to Russia, head of Azexport portal Zaur Gardashev told Trend.
“About 10 companies of Azerbaijani exporters are preparing to work with the Russian VTB Bank,” he added.
The bank will provide Azerbaijani entrepreneurs with a simplified method of monetary circulation when exporting goods to big Russian stores.
Presently, the Azerbaijani exporter, supplying products to the Russian stores, can get money during 30-90 days. That is, an entrepreneur can not receive payment instantly, which negatively affects the regular supply of goods. The new method of financing will allow exporters to receive payment as soon as their products are supplied through the border, which will enable them to ensure the uninterrupted supply of goods and increase export of products.
---
Follow the author on Twitter: @h_veliyev