BAKU/11.02.14/TURAN : The visit of the Chairman and CEO of VTB Azerbaijan, Andrei Kostin started. During it he was received by the President of Azerbaijan Ilham Aliyev, with whom they discussed the prospects of VTB Group in the region.
As stated in the press release of the bank , also during the visit Andrei Kostin met with ministers on taxes and the economy and industry , with the leadership of the State Oil Fund of Azerbaijan (SOFAZ), one of the major shareholders of VTB , who took part in last year's SPO, and a number of potential customers of the Bank - Azerbaijani oil companies.
Commenting on the results of the visit , Andrei Kostin said: " The trip was extremely useful . VTB is working to attract investment in the region , particularly in the real economy and the banking services to the population and companies in Azerbaijan. This policy was supported by the President of Azerbaijan Ilham Aliyev . " -0 -
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review