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Georgia Repays Fourth Part of Its Foreign Debt to Azerbaijan

Business Materials 19 January 2007 11:41 (UTC +04:00)

Georgia has repaid the fourth installment of its foreign debt to Azerbaijan. A Trend correspondent in Georgia has been informed by the Georgian Finance Ministry that so far Georgia has cleared $2.6mln of its $10mln state debt.

The state arrears are expected to be repaid by 2010. Georgia continues repayment of its debt to Azerbaijan on the basis of a schedule that both sides had co-ordinated earlier.

At the beginning of 2007 the repayment of the state debt to Azerbaijan is carried out in the form of annual transfer in installments.

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