The five-year term of office of Neil McCain, head of the European Bank for Reconstruction and Development (EBRD) office in Azerbaijan has been completed.
As stated in the EBRD local office's report, the official has been appointed EBRD Director for Central Asia.
Azerbaijan has been a member of the EBRD since 1992, during which the bank has allocated 2.5 billion Euros for 162 economic projects, mainly in small and medium-sized enterprises, which is the biggest indicator in the South Caucasus. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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