The international financial institution should have provided the sum to the company Holcim and added its share in the enterprise by 10 percent.
The European Bank of Reconstruction and Development has renounced its intention to make investments in Azerbaijan because of the unstable situation of the country’s economy. The international financial institution should have provided the sum to the company Holcim and added its share in the enterprise by 10 percent. However, EBRD has declined the deal.