The appropriate memorandum on understanding was signed by the EBRD President, Tomas Mirov, and the JBIC Vice-President, Yoshihiko Moria, in London last Friday. The sides will co-finance ecological projects, solutions to decrease the hydrocarbon emission into the atmosphere, large infrastructure and corporate projects, and municipal infrastructure projects connected with the environment. Credits will be also allotted in the local currencies.
JBIC plans to back the investment activities of mainly Japanese businessmen.--10В-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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