EBRD talks its main activities in Azerbaijan

EBRD talks its main activities in Azerbaijan

BAKU, Azerbaijan, Mar. 16

By Eldar Janashvili – Trend:

During the visit of the First Vice President of the European Bank for Development and Reconstruction Jurgen Rigterink to Azerbaijan, three main directions have been discussed with the Government, Head of the EBRD Representative Office in Azerbaijan Ivana Duarte told Trend.

So, according to Duarte, efforts were discussed to promote the diversification of the Azerbaijani economy by supporting the development of the private sector in the non-oil sector and strengthening the management of private and state-owned companies; further expanding access to finance for local enterprises by encouraging lending by banks and non-banking financial institutions and helping to strengthen the local currency and capital markets, as well as supporting the country's green economy, including financing for renewable energy sources, improving energy efficiency and cleaner transport and sustainable infrastructure.

“We observe an encouraging progress in the “green zone” of our cooperation. The authorities are strongly committed to the development of renewable energy, and we strongly support this commitment. As the leading source of financing renewable energy in our region, we are leading efforts to introduce competitive renewable energy tenders through auctions in the country," the EBRD head for Azerbaijan said.

The Bank’s management representative noted that the EBRD’s work is aimed at helping Azerbaijan’s Ministry of Energy determine real market prices for specific renewable energy sources and create a fair, transparent auction process with a view to financial participation, and after creating a new legislative framework to support renewable energy sources.

The Bank is ready to offer tangible support, such as technical assistance and loans, which will help the municipal authorities improve the quality of life of the local residents, Duarte said.

"We have just started cooperating with the city of Ganja, which was the first in Azerbaijan to join our successful program of sustainable urban development called the Green Cities of the EBRD. My colleagues visited Ganja on March 10 and together with the city’s authorities began the process of determining the first investment project, within which we are considering the possibility of modernizing street lighting, urban transport and solid waste management," she said.

“The city will also benefit from the support provided by the EBRD to the “green cities” to develop the Green City Individual Action Plan (GCAP), which addresses environmental issues, prioritizes and links them to sustainable infrastructure investments and policy measures,” Duarte noted.

During the conversations of Rigterink with the Azerbaijani authorities, an assistance was also offered to commercialize and privatize state-owned companies, including the International Bank of Azerbaijan, the representative of the Bank’s management said.

“If the government wants us to play our part in this process, we are ready to bring in rich experience, consultations and financing that can help state enterprises become more modern, more efficient and more profitable, which will make them more attractive for potential investors,” Duarte added.

---

Follow the author on Twitter: @eldarjanashvili

Subscribe to Trend in Google News! Subscribe
Russian, Iranian top diplomats confirm commitment to Vienna talks to restore JCPOA - MFA
Russian, Iranian top diplomats confirm commitment to Vienna talks to restore JCPOA - MFA
Moscow welcomes ‘progress’ on Iran nuclear deal
Moscow welcomes ‘progress’ on Iran nuclear deal
Parties narrowing differences in Vienna talks - Iran's top negotiator
Parties narrowing differences in Vienna talks - Iran's top negotiator
Loading Bars
Latest
Iran eyes to complete energy project in East Azerbaijan province within 3 years
Turkmenistan eyes to utilize full potential in transport and logistics sector
National Iranian Drilling Company declares number of oil-gas wells drilled in country
Azerbaijan reveals time of completing Khudaferin, Giz Galasi HPPs
IsDB Institute releases pioneering E-Book reader app (PHOTO)
Turkey shares data on export of cement and glass ceramics to Azerbaijan
Indians placed record bets on US stocks in 2021
Azerbaijani Health Insurance Agency open tender to buy ICT equipment
Uzbekistan to complete construction of several large complexes in 2023
Iran to facilitate carpet export via Ardabil province
Iranian currency rates for January 24
Armenian media names probable candidates for presidency
Turkey records increase in number of real estates purchased by Iranian citizens
Azerbaijani currency rates for January 24
Turkish export of cars to Azerbaijan up in 2021
Azerbaijan names amount of payments for risky operations to budget in 2021
Azerbaijan develops modular project for border risk management system
Launch of bus routes to Azerbaijan's liberated lands to play crucial role in integration of these territories - official
Turkey registers rise in number of companies with Azerbaijani capital for 2021
Kazakhstan’s Atyrau Refinery opens tender to buy welding electrodes
Georgia’s oil imports from Turkmenistan almost triple
Iran sees continuous increase in gas consumption
Iran reveals estimates on value of non-oil exports
Iran records decrease in water reserves of dams
Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East
Iran provides loans for Persian shallot cultivation
Singapore core inflation rises at fastest pace in nearly 8 years
TRACECA eyes launching new pilot project within Europe-Caucasus-Asia corridor (Exclusive) (PHOTO/VIDEO)
Cargo transportation through Iran's Shiraz International Airport up
Iran shares data on monthly sales of goods at Mercantile Exchange
Iran's Persian Gulf Bid Boland Gas Refining Company boosts natural gas refining
Weekly review of Azerbaijani currency market
Firefighters gaining control of wildfire that closed scenic California highway
2021 was successful year in Azerbaijan in terms of strengthening social protection of citizens
UAE, Saudi Arabia thwart separate Houthi attacks
First bus of Baku-Shusha-Baku route departs (PHOTO)
Truckers fighting government vaccine mandate march to Canadian capital
Coronavirus cases remain high as minister renews warning about Istanbul
Biden Weighs Deploying Thousands of Troops to Eastern Europe and Baltics
French adventurer Jean-Jacques Savin dies attempting to row solo across the Atlantic
Taiwan reports new large-scale Chinese air force incursion
Two Pakistani fisherman drown, 10 missing after boats sink
Clashes in Brussels as thousands protest at COVID health pass and restrictions
Azerbaijan State Customs Committee records rise in number of risk profiles in CNFEA
Azerbaijan launches regular bus routes to liberated territories
Georgia’s imports of copper ores from Azerbaijan down
Islamic State claims responsibility for attack in Herat, Afghanistan
Speaker of Armenian National Assembly to temporarily be Acting President
Georgia’s revenues from tourism to surge in 2022 – Galt & Taggart
Italy reports 138,860 COVID cases on Sunday, 227 deaths
Minister of Roads and Urban Development of Iran to visit Azerbaijan
Armenian president resigns
Iraq schedules crude shipments for March loading amid strong demand: Official
Italy's Berlusconi hospitalised in Milan since Thursday
Turkey sees increase in number of real estate purchased by Kazakh citizens in 2021
Talks between Taliban and Western and Afghan representatives underway in Norway
Azerbaijan shares data on number of vaccinated citizens
Iran’s Bahar Azadi gold coin price rebounds
Azerbaijan confirms 1,697 more COVID-19 cases, 526 recoveries
Some 72 COVID-19 cases recorded among those arrived at Beijing Olympics
Thai PM to visit Saudi Arabia as diplomatic relations thaw
US Navy says it detained ship delivering cargo for Houthis from Iran
Biggest problem with US is its support to YPG: Defense minister
Russia confirms over 63,200 COVID-19 daily cases
Azerbaijan prioritizes creation of food safety through local production
Azerbaijani Defense Ministry presents weekly review (VIDEO)
Expat doctors worked alongside Kuwaiti counterparts to revive Kuwaiti health sector: Dr Riyadh Khan
Iran reveals COVID-19 data for January 23
Weekly review of main events of Azerbaijani financial market
Weekly review of main events in Azerbaijan’s ICT sector
Iran discloses volume of electricity generated by Gilan Combined Cycle Power Plant
Weekly review of Azerbaijani precious metals market
Azerbaijan commissions new military facilities (PHOTO/VIDEO)
Tickets are available for two bus trips to Azerbaijan’s liberated Aghdam city
Tank and artillery shells found in Azerbaijan’s Samur-Absheron canal (PHOTO/VIDEO)
Bosphorus Strait temporarily closed in both directions
One person killed, two hurt in Budapest hospital fire -police
Intercity bus plunges into abyss in Turkey’s Istanbul city
An extra meal and snacks twice a day was all it took to improve falling nutrition levels in this tribal district
Almost all Kazakhstan remains in COVID-19 ‘red zone’
Nadal beats Mannarino in battle of left-handers to reach last eight
Azerbaijan holds training exercises in commando military unit (VIDEO)
Georgia reports 9,696 coronavirus cases, 5,408 recoveries, 28 deaths
Training session for reservists continues in Azerbaijan (VIDEO)
Iranian currency rates for January 23
Arab League delays annual summit as COVID-19 bites again
Turkey plans to hold next meeting within "3 + 3" format - Erdogan
New Zealand PM Jacinda Ardern cancels her wedding amid new Omicron restrictions
S.Korea says Iran to regain UN vote after delinquent dues paid with frozen funds
Electricity generation of Iran’s Bandar Abbas TPP surges
Uz-Kor Gas Chemical opens tender for purchase spare parts for analyzers and gas detectors
SCO to consider draft program proposed by Uzbekistan
Iran-Russia annual trade to increase to $10 b from $4 b
Kazakhstan confirms 14,012 new COVID-19 cases in 24 hr
French EU lawmaker Collard joins far-right presidential candidate Zemmour
Pfizer, Moderna boosters up to 90% effective against Omicron: CDC
Turkey’s Turkovac to be tested as booster for Pfizer-BioNTech jab
Guinea junta establishes council to lead transition to elections
Visit aims to rebuild trust with Lebanon: Kuwait foreign minister
UK records 76,807 new COVID cases, 297 deaths
All news