The World Bank presented the Ministry of Communications and High Technologies of Azerbaijan (MCHT) proposals to modernize the postal system of the country, according to the ministry's information.
Yesterday the state of the jointly implemented projects and prospects of further cooperation were discussed by the Minister of Communications and High Technologies Ali Abbasov and the head of the Azerbaijani office of the World Bank Larisa Leschchenko.
The WB delegation presented its proposals to modernize the postal system and to indicate possible areas of cooperation with LLC Azerpoct, CBA, MCHT and other interested parties, as well as the Swiss State Secretariat for Economic Affairs (SECO).
"The new partnership with the World Bank and SECO to support the development of state-owned enterprises and financial development of Azerpoct consists of 3 components. Firstly, it is a corporate restructuring and the development of modern operating and financial services, secondly - rebranding, technological development and optimization, and, thirdly, - the opening of the pilot line of credit for small and medium businesses," said the head of the World Bank office with the hope of approval of these plans by the government.
Azerbaijan has been a member of the World Bank since 1992. For the period of cooperation in the implementation of 51 projects in Azerbaijan the bank has allocated loans totaling $ 3.3 billion. At the present time it continues to implement 17 projects.
The state company Azerpoct was created on September 23, 1999. On April 16, 2010, the Central Bank of Azerbaijan issued the company a limited license for the provision of banking and financial services. --17D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review