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Azerbaijan: Azershusha plant commissioning by end 2007

Asker Mamedov, deputy chairman of the board of the International Bank of Azerbaijan (IBA), said the Azershusha glass plant to which the Black Sea Trade & Development Bank has lent EUR 5 million will b…

Asker Mamedov, deputy chairman of the board of the International Bank of Azerbaijan (IBA), said the Azershusha glass plant to which the Black Sea Trade & Development Bank has lent EUR 5 million will be commissioned before the end of 2007. The project is also financed by the Islamic Development Bank (USD 5 million) and Qaradaq Rezin Qarisigi (EUR 5 million). The total project cost is EUR 15.5 million.

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