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
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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