(IN BRIEF) EIB Global and Azerbaijan have signed a Memorandum of Understanding (MoU) to support the modernization and expansion of Baku’s metro system, aiming to improve urban mobility and reduce emissions. With technical assistance from EIB Global, Azerbaijan’s Ministry of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Azerbaijan, Baku, EIB, Gert Jan Koopman, Metro Rail, modernization, partnership, Rashad Nabiyev, sustainability, Teresa Czerwinska, urban transport
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in partnership with AccessBank to boost financing for small and medium-sized enterprises (SMEs) in Azerbaijan. Through this €15 million agreement, the EBRD will share … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged AccessBank, Azerbaijan, David Tsiklauri, EBRD, Elisabetta Falcetti, partnership, risk sharing facility, SME
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Fund for Southeast Europe (EFSE) have joined forces to provide a financing package of up to US$ 10 million (€ 9.24 million) to AccessBank in Azerbaijan. This … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged AccessBank, Azerbaijan, Davit Tsiklauri, EBRD, EFSE, Financial, George Orlov, MSME, Oxana Binzaru, partnership, sustainability
(IN BRIEF) EIB Global, the financing arm of the European Investment Bank (EIB) outside the EU, has inked a €10 million loan deal with Bank Respublika to bolster support for micro, small, and medium-sized enterprises (MSMEs) in Azerbaijan. Part of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Azerbaijan, Bank Respublika, EIB, EIB Global, Gert Jan Koopman, MSMEs, partnership, small business, sustainability, Tariyel Ismayilov, Teresa Czerwinska
(IN BRIEF) WindEurope and the Azerbaijan Renewable Energy Agency have signed a Memorandum of Understanding (MoU) to accelerate the deployment of onshore and offshore wind energy in Azerbaijan and the broader Caspian Sea area. This collaboration aims to leverage Azerbaijan’s … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is granting a $42 million (€38.71 million) loan to Azerbaijan Caspian Shipping Company (ASCO), a state-owned shipping company in Azerbaijan. ASCO plans to use the funds to acquire two Handysize … Read the full press release
(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged ACG, Azerbaijan, Azeri Chirag Gunashli, Baku-Tbilisi-Ceyhan, BP, divestment, Equinor, oil fields, Philippe Mathieu, Rovshan Najaf, SOCAR
(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Azerbaijan, Bulgaria, clean power, EBRD, fossil fuels, Fuels Transition, MOLDOVA, Montenegro, partnership, renewable energy, Romania, sustainability
(IN BRIEF) TotalEnergies’ Chairman and CEO, Patrick Pouyanné, met with President Ilham Aliyev of Azerbaijan during the inauguration ceremony of the Absheron gas field’s first development phase. The gas field is currently producing 1.5 BCMA, with plans to increase production … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Absheron Gas Field, Azerbaijan, energy projects, Ilham Aliyev, Mr. Mikayil Jabbarov, Mr. Parviz Shahbazov, Mr. Rovshan Najaf, partnership, Patrick Pouyanné, sustainability, TotalEnergies
LONDON, 27-Jun-2017 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is joining forces with all other shareholders of Azerbaijan’s Unibank to strengthen its capital. Unibank’s share capital will increase by AZN 49 million and will enable it to … Read the full press release
Brussels, Belgium, 14-1-2014 — /EuropaWire/ — The President of Azerbaijan, Mr. Ilham Heydar oglu Aliyev, will visit NATO Headquarters on Wednesday, 15 January 2014. He will meet with the NATO Secretary General, Mr. Anders Fogh Rasmussen and will address the North Atlantic … Read the full press release
London, UK, 10-1-2014 — /EuropaWire/ — Heathrow and Asia House have expanded their series of tailored guides designed to help SMEs trade with Asia. The series now includes Azerbaijan, Kazakhstan, Malaysia, Mongolia, Myanmar (Burma), Pakistan, The Philippines and Turkey, and follows … Read the full press release
Posted in Aviation & Aerospace, Business, International Trade, Media, Transportation & Logistics, Travel, United Kingdom
Tagged ASIA, Asia House, Azerbaijan, British Embassies, Colin Matthews, emerging markets, Heathrow, Kazakhstan, Keith Waterton, Malaysia, Michael Lawrence, Mongolia, Myanmar (Burma), Pakistan, SMEs, The Philippines, trade, trade bodies, Turkey
US$ 3.5 million loan to microfinance institution TBC Kredit 27-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is lending US$ 2.5 million to TBC Kredit LLC for on-lending to micro, small and medium-sized enterprises (MSMEs) in Azerbaijan. A … Read the full press release
Posted in Banks, Business, European Union, Financial, Investment, Small Business
Tagged Azerbaijan, Azeri economy, Baku, EBRD, EBRD-managed Financial Intermediary Investment Special Fund, EBRD’s Azerbaijan Financial Sector Framework, International Cooperation and Development Fund, micro small and medium-sized enterprises, MSMEs, Neil McKain, TaiwanICDF, TBC Bank Georgia, TBC Kredit received $3.5M loan, The European Bank for Reconstruction and Development
Matanat will use €7 million loan from the EBRD to expand production of gypsum plaster and dry mixes 3-6-2013 — /europawire.eu/ — One of the EBRD’s priorities in Azerbaijan is to support the growth of the non-oil private sector by investing … Read the full press release
Brussels, 6-5-2013 — /europawire.eu/ — Catherine Ashton, High Representative of the European Union for Foreign Affairs and Security Policy/Vice President of the Commission, announced today the appointment of new Heads of EU Delegations to Azerbaijan, the Dominican Republic, Honduras, Paraguay, Sri Lanka … Read the full press release
Posted in Belgium, European Union, Government, Politics
Tagged Alberto Navarro, Alessandro Palmero, Azerbaijan, Catherine Ashton, Cesare de Montis, David Daly, EEAS, EU Delegations, Heads of EU Delegations, Honduras, Ketil Karlsen, Kyrgyzstan, Malena Mård, Paraguay, Sri Lanka, the Dominican Republic
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