Azerbaijan, Aug. 11 -- The European Bank for Reconstruction and Development (EBRD) is lending the equivalent of US$ 7 million to Salo?lu, Azerbaijan's leading furniture producer and retailer, in local currency to help boost its competitiveness.This loan will help the company to purchase new equipment for its production facility in Agstafa and refurbish its network of retail stores.Founded in 2000, the company specialises in producing soft furniture sets for living rooms and bedrooms, manufacturing items such as mattresses and chairs. Salo?lu also distributes Turkish, Italian and US brands in Azerbaijan.Salo?lu is a longstanding client of the Bank. Initially, the company worked with the EBRD to increase its competitiveness under the Bank's a...