[ad_1] As part of the private sector development program, a memorandum of understanding will soon be signed between the US Agency for International Development (USAID) and the Small and Medium Business Development Agency of Azerbaijan (KOBIA) to strengthen micro, small and medium businesses, Report informs citing KOBIA Chairman of the Board Orkhan Mammadov. “Among the… Continue reading USAID and Azerbaijan’s SMEs dev’t agency to ink MoU
Tag: Azerbaijans
WB reveals Azerbaijan’s priorities in post-oil period
[ad_1] The World Bank (WB) explores the potential of each sector of the Azerbaijani economy, which can act as an alternative to the oil sector, World Bank Country Manager for Azerbaijan Sarah Michael said, Report informs. “Azerbaijan will continue to export oil in the future, but its share in the country’s export will decrease against… Continue reading WB reveals Azerbaijan’s priorities in post-oil period
Turkey preparing to start laying gas pipeline to Azerbaijan’s Nakhchivan
[ad_1] Turkey and Azerbaijan are preparing to start laying a gas pipeline to Nakhchivan (a landlocked exclave of Azerbaijan), Report informs, citing an interview of the Turkish Energy and Natural Resources Minister Fatih Dönmez with Anadolu News Agency. The Turkish minister noted that he had already signed a memorandum of understanding with his Azerbaijani counterpart:… Continue reading Turkey preparing to start laying gas pipeline to Azerbaijan’s Nakhchivan
ADB: Capital of Azerbaijan’s Azerishiq OJSC to increase by 100M manats annually by 2025
[ad_1] The Asian Development Bank (ADB) is ready to continue supporting reforms in Azerishiq OJSC (100 percent state energy distribution company), Report informs referring to the ADB. This should entail Azerishiq’s participation in a political dialogue with the government of Azerbaijan to sustainably improve the financial performance of the enterprise. According to ADB forecasts on… Continue reading ADB: Capital of Azerbaijan’s Azerishiq OJSC to increase by 100M manats annually by 2025
Azerbaijan’s Minister of Culture to visit Georgia in July
[ad_1] Azerbaijani Culture Minister Anar Karimov will visit Georgia in early July, Report informs. According to official sources, the program of the minister’s visit is ready. During his visit to Georgia, Karimov will hold official meetings and visit the Mirza Fatali Akhundzadeh Museum of Azerbaijani Culture and other cultural institutions in Tbilisi, the Georgian capital.… Continue reading Azerbaijan’s Minister of Culture to visit Georgia in July
UN High Representative horrified by destruction in Azerbaijan’s liberated Fuzuli district
[ad_1] “I was horrified by what I saw in the Fuzuli district. The destruction of these places, the historical, cultural, and religious heritage of the territories, the desecration of holy sites are unacceptable,” High Representative for the United Nations Alliance of Civilizations Miguel Ángel Moratinos told reporters during a trip to the Fuzuli region liberated… Continue reading UN High Representative horrified by destruction in Azerbaijan’s liberated Fuzuli district
WB, IMF to complete assessment of Azerbaijan’s financial sector
[ad_1] The World Bank (WB) plans to complete the third assessment of the financial sector of Azerbaijan as part of the FSAP (Financial Sector Assessment Program) within 2-3 months, Report informs, citing Sarah Michael, the World Bank (WB) Country Manager for Azerbaijan. The Azerbaijani government has applied with a request to conduct the subsequent assessment… Continue reading WB, IMF to complete assessment of Azerbaijan’s financial sector
Azerbaijan’s Deputy Defense Minister leaves for Moscow
[ad_1] The delegation led by the Deputy Minister of Defense of the Republic of Azerbaijan, Lieutenant General Kerim Veliyev, left for Moscow to participate in the IX Conference on International Security to be held from 22 to 24 June, Report informs, citing Defense Ministry. The international conference organized by the Ministry of Defense of Russia… Continue reading Azerbaijan’s Deputy Defense Minister leaves for Moscow
IMF recommends support to Azerbaijan’s economy until sustainable recovery
[ad_1] Over the longer term, fiscal policy in Azerbaijan needs to shift to gradual and growth-friendly consolidation, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Given the projected decline in oil resources, oil wealth needs to… Continue reading IMF recommends support to Azerbaijan’s economy until sustainable recovery
Vusal Gasimli: Azerbaijan’s economy needs to be restructured
[ad_1] The International Monetary Fund (IMF) has released a report on Azerbaijan under Article IV of its Charter. Vusal Gasimli, Executive Director at Center for Analysis of Economic Reforms and Communication, commented on the document’s main points. According to Gasimli, the paper notes that the Azerbaijani economy has been affected by the COVID-19 pandemic and… Continue reading Vusal Gasimli: Azerbaijan’s economy needs to be restructured