Belarus-based Byelorussian Steel Works (BMZ) has announced the signing of an agreement with UniCredit Bank
Austria AG to extend the open-end credit line of $35 million for BMZ.
The collaboration of BMZ with UniCredit Bank
Austria AG began in 2009 when a credit agreement of $10 million was signed to finance the procurement of raw materials and goods, with the credit limit in question subsequently increased to $25 million in 2010 and to $35 million in 2011.
During the latest negotiations, the parties discussed BMZ’ results for 2014 and its plans for the coming years. The management of UniCredit Bank Austrian AG announced its intentions t continue its collaboration with BMZ in spite of the complicated political, financial and economic situation worldwide.