Most of the Azerbaijani EBRD projects came in the public sector
The Ministry of Economy and Industry released data on last year's investment of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan.
As the press service of the Ministry (http://www.economy.gov.az/index.php?option=com_content&view=article&id=2353:ayib-17-05-2014&catid=8:news&Itemid=263&lang=az) said, last year the international financial structure invested 163 million euros in 17 local projects, as stated at the Warsaw annual meeting of the Board of Directors. Recall that in 2012 $ 109 million was invested in loans for 16 projects.
In total, since 1992, the EBRD has committed $ 2.5 billion to finance 146 projects in Azerbaijan. More than half of the funds ($ 1.3 billion) were raised to implement 10 projects in the public sector, $ 1.2 billion - for 136 projects in the private sector.
According to the bank, in 2013 for the implementation of 392 projects 8.5 billion euros was allocated. The profit amounted to 1.2 billion euros. - 17D-
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- Culture
- 21 May 2014 14:12
Economics
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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