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EBRD unveils volume of investments in Azerbaijan in 2015-2019

Business Materials 9 July 2020 16:59 (UTC +04:00)
EBRD unveils volume of investments in Azerbaijan in 2015-2019

BAKU, Azerbaijan, July 9

By Fidan Babayeva - Trend:

The volume of investments of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan in 2015-2019 reached 3.29 billion euro, Trend reports referring to the bank’s Annual Review 2019.

According to the review, last year, the EBRD invested 17 million euro in projects in Azerbaijan. The current total value of the portfolio of active investments in Azerbaijan exceeds 1.3 billion euro.

Azerbaijan ranked second in the EEC (Eastern Europe and the Caucasus) region following Ukraine in terms of the bank's total active investment portfolio for 2015-2019.

The largest volume of EBRD investments in Azerbaijani projects was observed in 2017, reaching 456 million euro.

The total value of the portfolio of active investments in the region over five years made up over 8.4 billion euro.

According to the report, in total the EBRD allocated 2.05 billion euro for projects implemented in the EEC region in 2019.

The bank was founded in 1991.

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