Azerbaijan proposed to the European Bank for Reconstruction and Development to invest in industrial parks and neighborhoods in the country, support the creation of agro-parks, expand ties with credit unions cooperating with small and medium-sized businesses. The Minister of Economy of Azerbaijan Shahin Mustafayev said this at a meeting with EBRD President Suma Chakrabarti in London on February 12.
The press service of the Economy Ministry told Turan that one of the requests was to “promote the development of the macroeconomic framework for 2017-2020.”
In May this year as part of the EBRD's annual meeting the Government of Azerbaijan is planning to organize a presentation of the country for the investors. In June, the bank's President will visit Baku.
Note that since the early 1990s, the EBRD has allocated $2.8 billion for the implementation of 161 projects of the private and public sectors. In the private sector, the EBRD has financed 151 projects. The EBRD takes equity participation in several private banks and industrial companies. ---08D
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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