BAKU, Azerbaijan, June 8. The Austrian UniCredit bank allocated a preferential loan of 7.9 million euros for innovations in the agricultural sector of Uzbekistan,Trend reports via Uzbek media outlets.
The loan is intended to be used to equip agricultural enterprises with innovative rain irrigation technologies of the Austrian Bauer Gmbh company.
The contract for the implementation of the project previously signed by the Ministry of Agriculture of Uzbekistan and the Austrian side.
The parties reached an agreement on opening a preferential credit line to finance the modernization of the agricultural sector through the transfer of Austrian technologies.