EBRD supports food and beverage manufacturer Avrora in Azerbaijan
By:
FIDAN BABAYEVA
The European Bank for Reconstruction and Development (EBRD) is strengthening Azerbaijan’s agribusiness sector with a €25 million loan to Avrora LLC, a leading producer of pasta, confectionery, soft drinks and flour products, Trend reports citing EBRD.
The loan will be provided in Azerbaijani manat in two equal tranches. The first tranche will be used to finance a new pasta production line. The second will be used for the acquisition of new equipment for the production of biscuits, cakes and animal feed.