The local bank Unibank has attracted another foreign loan to finance projects of small and medium-sized businesses.
At this time the donor is the Dutch ING Group, which has allocated the Azerbaijani counterparts $ 15 million, according to the press release from the bank. The crediting is supported by consultants from Fireland Capital.
JSC Unibank was established in October 2002. In the charter capital 66.21% is owned by individuals, while 33.79% is owned by legal entities, including 12.15% -by EBRD and 6.68% - by German DEG. -17D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz