Preparing by the World Bank (WB) of the Country Partnership Framework strategy in relations with Azerbaijan will be completed in I- st quarter of 2015 .
According to the head of the Baku office of the Bank, Larisa Leshchenko, the pilot project is applicable to three countries - Azerbaijan, Albania and Bulgaria. Meanwhile a report is prepared on systematic diagnosis of the country and then there will be consultation with the government, NGOs , academia , universities, think tanks , other sections of the general public. The report will be ready in September, she said.
"The peculiarity of the report is that it will identify key challenges facing the country. This work will be conducted in the two strategic objectives that the Bank Group has set itself. The first goal is to reduce the deep poverty and the second goal is a more equitable distribution wealth in the country," added the manager.
The Strategic Program Country Partnership Framework for Azerbaijan will be designed for the financial years 2015-2018. The WB Board of Directors October 21, 2010 adopted a new strategy of cooperation with Azerbaijan designed for the financial cycle 2011-2014.
Azerbaijan has been a member of the World Bank since 1992. The World Bank for the period of cooperation for the implementation of 51 projects in Azerbaijan has allocated loans totaling $ 3.3 billion. Currently under implementation are 17 projects. - 17D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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