In the private sector investments are being made not only by the National Endowment for the enterprise, but also by international financial institutions.
This year, the European Bank for Reconstruction and Development (EBRD) will assist the ten non-governmental projects in the financial and real sectors. The nominal value of each of them - from $ 500 thousand to $ 10 million addition, the Board of Directors is considering several financing packages of projects in the field of agriculture, food industry, production of building materials, etc.
According to the bank, there is an opportunity to purchase shares of one of the leading insurance companies in Azerbaijan.
In the past year, the Bank allocated $ 109 million for lending to 16 private commercial projects in the local economy.
Azerbaijan has been a member of the Bank since 1992. So far, the bank has signed 135 investment agreements worth more than $ 1.6 billion in various sectors of the local economy. Investing in renewable and efficient sector is a priority.
Bank's current portfolio to 58 projects in Azerbaijan at the beginning of 2013 amounted to 667 million euros, of which 43% came from the private sector. - 17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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