Economy
Posted:
4 years ago
Air Navigation to Receive 10 Million Euros from the EBRD
Air Navigation will receive 10 million Euros from the European Bank for Reconstruction and Development (EBRD).
The EBRD has already officially approved the loan and its aim is to reduce the impact of the COVID-19 crisis for the state-owned company, overcome temporary shocks and maintain liquidity.
The loan was allocated by the International Finance Institute under the Vital Life Support Program (VISP) under the COVID-19 Solidarity Package.
Air Navigation is a state-owned company. It provides air traffic services and flight safety in the departure and landing areas of the country's airports.