EBRD ready to support improvement of business sphere in Azerbaijan
Baku, Azerbaijan, Nov. 24
By Anvar Mammadov – Trend:
The European Bank for Reconstruction and Development (EBRD) is ready to support the improvement of business sphere in Azerbaijan, EBRD Vice President of Banking Alain Pilloux said.
Pilloux made the remarks during a meeting with Azerbaijani Economy Minister Shahin Mustafayev in Baku, the Azerbaijani Ministry of Economy said.
Pilloux also stressed the wide opportunities for cooperation in bank financing, support for small and medium-sized businesses, as well as renewable energy sources.
In his turn, Mustafayev stressed the importance of EBRD’s support for infrastructure projects.
The Azerbaijani minister added that the Ganja-Gazakh-Georgian Border, Bahramtepe-Bilasuvar highways are planned to be constructed through the EBRD’s financial support.
Mustafayev added that Azerbaijan’s economic potential is planned to be presented in EBRD's main office.
EBRD has been cooperating with Azerbaijan since 1992. During this period, the bank invested about $2.8 billion in the country's economy.