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Visit of EBRD Council of Directors Members to Azerbaijan Due on October 23

Business Materials 2 October 2006 18:49 (UTC +04:00)

The visit of a group comprised of eight members of the Council of Directors of the European Bank for Reconstruction and Development (EBRD) to Azerbaijan has been scheduled for 23 October, the Head of EBRD Baku Office Raymond Konvey told Trend. According to him, the group will visit the regions of Azerbaijan (Ganja, Masalli, Lenkoran, Shaki and Goychay) within two days.

Later they will spend two days in Baku to hold meetings with private sector and government. The primary goal of the visit is to form a better opinion of the events happening in Azerbaijan, Konvey said.

In regions, the EBRD group will meet with several companies, clients, companies, as well as main oil companies functioning in Azerbaijan and several clients in banking sector.

Each 2-3 year the members of the EBRD Council of Directors visits the country to familiarize with the implementation process of the projects and define new projects that may be financed through EBRD, Konvey stressed.

This year it is expected to increase the portfolio of Azerenerji for the reconstruction of Heating Power Station in Mingachevir city and portfolio of Azerbaijan State Railway Department for creation of locomotive park.

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