EU Rural Development Support Programme to Azerbaijan
The Delegation of the European Union in Azerbaijan is pleased to announce the disbursement of 7.2 million EUR to the Government of Azerbaijan in the framework of the Rural Development Support Programme (RDSP), which supports regional and rural development of Azerbaijan.The specific objectives of the program are i) a rapid development of the labour and entrepreneurship potential in the rural areas able to meet demand of rural businesses to accelerate their integration in the economy and ii) Ministry of Economy coordinating regional development policy effectively and efficiently.
The RDSP commenced in 2012 and works with key partners such as the Ministry of Economy, the Azerbaijan National Fund for Entrepreneurship Support, the Baku Business Training Centre and other stakeholders to achieve the following results:
* Improved business climate and expanded opportunities in the rural areas for potential entrepreneurs including the establishment of incubators
* Improved access to small loans in rural regions (including for IDPs) from credit institutions with effective lending guidelines, and well trained staff in these credit institutions
* Improved development policies, strategies and programmes via improved capacity of coordination by the MoEI and use of appropriate indicators and statistics
The overall budget of the RDSP is Euro 19 million. In addition, Euro 500,000isallocated for technical assistance for complement the activities.
On the occasion of the budget support disbursement, Ms. Malena Mard – EU Ambassador to the Republic of Azerbaijan said: "nearly 46% of the population of Azerbaijan lives in rural areas and small towns. Many of these areas have challenges as to access to income-earning opportunities and in developing their businesses. Through this and other projects the EU continues to support Azerbaijan in different sectors aiming to improve the quality of life in rural communities, reduce inequalities in development between regions and encourage the diversification of the economy""
RDSP is an important example of the EU cooperation instrument of budget support, whereby the EU makes a financial contribution to the costs of implementing key activities in a sector considered to be a common priority for the European Union and its partner, the Republic of Azerbaijan. -0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review