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Azerbaijan: EU helps Azerbaijani furniture maker upgrade facilities

December 23, 2019

A new article published on the website of the European Bank for Reconstruction and Development (EBRD) talks about the leading furniture producer and retailer in Azerbaijan that will increase its competitiveness and cut its carbon footprint thanks to a loan it received under the Small Business Impact Fund.

The fund is supported by the EU and the EBRD. The loan will allow the company to build an energy-efficient production plant, a warehouse and a flagship store in the country’s capital of Baku.

Founded in 2000, the company specialises in producing soft furniture sets for living rooms and bedrooms, including items such as mattresses and chairs.

The company will make its existing and new facilities more sustainable by installing 3 MW biomass boilers to produce heat from production waste instead of from natural gas.

This green investment will cut the equivalent of more than 1,000 tonnes of CO2 emissions per year, demonstrating better and more sustainable practices with regard to energy sources.

With the help of consultants, the company has developed a business plan, conducted market research and improved its accounting system to meet international standards.

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