Foreign Companies Express Readiness to Provide Loans to Turkmen Businesses

BUSINESS TURKMENISTAN
Foreign Companies Express Readiness to Provide Loans to Turkmen Businesses
The soft loans are expected to be allocated in partnership with the State Bank for Foreign Economic Affairs of Turkmenistan.

British construction equipment manufacturer JCB, French truck manufacturer Renault Trucks, German engineering company Wirtgen Group and American John Deer are ready to provide member businesses of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET) with favorable preferential loans for the purchase of their equipment.

The relevant announcement were made by the representatives of the companies at the international online conference "The Role of the Union of Industrialists and Entrepreneurs of Turkmenistan in the Development of Business and International Cooperation" held on Monday, the UIET said in its press release.

The soft loans are expected to be allocated in partnership with the State Bank for Foreign Economic Affairs of Turkmenistan. At the same time, the funds for the Turkmen business will be directly provided by Bank ABC for JCB special equipment, External German partner bank & JDF bank for Wirtgen Group and John Deer equipment, as well as Renault Trucks' bank.

The international conference "The Role of the Union of Industrialists and Entrepreneurs of Turkmenistan in the Development of Business and International Cooperation" brought together representatives of leading companies from the U.K., Germany, France, Austria, Kyrgyzstan, Kazakhstan, Turkey and Afghanistan.