In the framework of the next annual meeting of the European Bank for Reconstruction and Development in London on May 11-12 investors will be presented investment opportunities of Azerbaijan, and in June the EBRD President Suma Chakrabarti will visit Baku.
According to the information at the Ministry of Economy of Azerbaijan, an agreement was reached during his meeting with the Minister of Economy Shahin Mustafayev in the UK capital.
Recall, the EBRD last year invested 9.4 billion Euros in more than 30 member countries.
Azerbaijan is also a member of the EBRD - since 1992, the country has received funding of $ 2.8 billion under 161 projects.
Recall, the EBRD does not finance government projects and aims at sustainable development of non-oil sectors of the economy by investing in small and medium private enterprises. --17D-
Economics
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
Leave a review