Board of Directors of the World Bank approved on July 5, the decision to allocate $ 30 million loan required to finance the second project of rural investments. According to the bank, as a result of 1.5 million members of rural communities will be improved access to infrastructure and social services.
In WB Baku office they told Turan the total project cost is estimated at $ 53.6 million, of which $ 23.6 million is to be funded by the Government of Azerbaijan.
The new project is based on the achievements of the previous project for seven years that increased income of 600 thousand people, improved irrigation potential for 700,000 land users and provided 150,000 people with access to good quality fresh water. - 08D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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