The European Bank for Reconstruction and Development (EBRD) has allocated a senior local currency loan of up to $2.8mn in Uzbek sum-equivalent to Uzbek Healthline, a producer and trader of disposable medical goods, for the launch of a third production line dedicated to the manufacture of single-use medical gloves.
The funds in local currency are expected to protect the borrower from foreign-exchange-related risks.
"The new production line will be commissioned in the first quarter of 2021 and will help expand Healthline’s principal production site in Tashkent," the EBRD said.
Related Articles
Kuwait sovereign fund sues over London skyscraper that threatens light access
Kuwait's sovereign wealth fund has initiated legal action against one of the City of London's largest development projects, claiming the planned 36-storey tower will obstruct light to a building it ... more
Russian state VTB Bank to divest non-core assets
Russia’s second-largest bank state-controlled VTB plans to divest non-core assets unrelated to banking operations within the next five years, according to Interfax citing the bank's CEO, ... more
Azerbaijani banks report mixed financial performance in Q1 2025
Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more
Most Read
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
1 month ago
-
Trump Ukraine envoy Witkoff dismisses Starmer’s Ukraine ceasefire plan, parrots Kremlin talking points
30 days ago
-
Scandal surrounding Hungarian central bank’s investments spreads to Polish developer GTC
29 days ago
-
Zero pressure from US as Imamoglu protesters warn Erdogan snuffing out last remnants of Turkey’s democracy
1 month ago
-
Russian expansion will continue forever ‘as far as God wills,’ says long-time Putin ally
1 month ago