EBRD approves five-year strategy with Azerbaija
Baku / 30.04.19 / Turan: The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved a five-year strategy defining relations with Azerbaijan. According to the EBRD"s Baku office, priorities for 2019-2024 will be support for the development of the non-oil sector, strengthening the management of private and state-owned companies, and continuing efforts to diversify the Azerbaijani economy. In addition, the EBRD will continue its work to expand the access of local businesspersons to financial resources by encouraging lending to local banks and non-banking organizations, and assisting the foreign exchange and capital markets. In addition, the bank will strengthen the promotion of renewable energy sources, energy efficiency. The head of the EBRD"s Baku office, Ivana Duarte, stated that the new strategy gives impetus to the bank"s activities in Azerbaijan. "The bank is ready to assist the development of the non-oil sector of Azerbaijan, strengthen local lenders, and increase investment in the ecological economy." It is noted that so far the EBRD has invested EUR 3.3 billion in Azerbaijan. -0-
Politics
-
The Ministry of Foreign Affairs of Moldova has decided to unilaterally terminate the Moldovan-Russian agreement from 1998 on the creation and operation of cultural centers.
-
By the order of the head of state, Rufat Mahmud has been appointed the new head of the historical and architectural reserve "Icheri Sheher" – the historic center of Baku.
-
On February 13, the Appeal Court did not satisfy the defense's appeal against the decision of the Khatai Court regarding the arrest of journalist Shahnaz Beylargizi. According to the lawyer, the journalist herself did not participate in the trial due to poor health. The defense intends to submit a petition to replace the arrest with house arrest.
-
Azerbaijan will limit 'Sputnik Azerbaijan' and 'BBC News Azərbaycanca' editorial offices. This was reported by the country's pro-government media on 13 February, citing an informed source.
Leave a review