International Finance Corporation (IFC) allocated to the local JSC Accessbank a loan of 15 million U.S. dollars.
As reported in the enterprise funds are allocated to the bank to finance projects in the field of micro and small businesses.
Since the adoption of Azerbaijan by IFC in 1995 the country has been invested 364 million U.S. dollars, the report said.
Accessbank is a 100% foreign one owned by six international financial institutions: AccessHolding, in microfinance as a strategic investor, the European Bank for Reconstruction and Development, International Finance Corporation, the Black Sea Trade and Development Bank, the Development Bank of the German Government - KfW Development Bank, and the German company LFS Financial Systems GmbH. - 15D -
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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