Azerbaijan

EIB financing to Azerbaijan could be complemented with technical assistance for projects preparation

Published

5 days ago

August 13, 2019

European Investment Bank (EIB) financing to Azerbaijan could be complemented with technical assistance for projects preparation, the Bank told Trend.

EIB said so far it has supported the development of the private sector in the country, with credit lines extended to local banks for the purpose of improving access to finance of SMEs.

"With its recent loan to TAP project, the EIB is also a major co-financier of the Southern Gas Corridor," said the Bank.

In line with its mandate, the EIB said it is ready to step up its cooperation with the Republic of Azerbaijan in a diversified range of high priority sectors, within the framework of EU policies.

"The long term financing offered by the EIB could be complemented with technical assistance for projects preparation and implementation that EIB could mobilise from donors and the EU. The aim would be to achieve more affordable financing package for the country, bring EIB’s expertise and EU standards," said the Bank.

EIB said the EU is the biggest trading partner of the Republic of Azerbaijan and also the biggest investor in the country.

"Also, the Republic of Azerbaijan participates to the Eastern Partnership, which celebrates its 10th anniversary in 2019. The cooperation between the EIB and the Republic of Azerbaijan started in 2013 and is expected to develop gradually. Both parties foresee three high-level objectives: development of social and economic infrastructure, support to private sector development and climate change mitigation and adaptation," the Bank said.

News.Az

The Azeri Times

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Azerbaijan

Rio de Janeiro hosts concert marking centenary of Azerbaijans diplomatic service

Published

1 day ago

August 17, 2019

The Azeri Times

A special concert program celebrating the 100th anniversary of Azerbaijan’s diplomatic service has been held at the famous Municipal Theater of Rio de Janeiro, Brazil.

Brazilian Symphony Orchestra performed Azerbaijani and European classical music at the concert, which was conducted by Yalchin Adigozalov with the participation of soprano Seljan Nasibli.

Organized by the Azerbaijani Embassy in Brazil in partnership with the National Commission of Azerbaijan for UNESCO, the cultural event was attended by Brazilian state officials, representatives of the mayor’s office, students and professors of the Federal University of Rio de Janeiro, as well as members of the Brazilian National Congress.

The event participants were impressed by the Brazilian Symphony Orchestra who performed Asaf Zeynalli's "My country", Fikrat Amirov's "A tale of Nasimi", Gara Garayev's "Don Quixote", Maurice Ravel's "Shéhérazade”, including famous compositions by Claude Debussy.

News.Az

The Azeri Times

Azerbaijan

Border guard system being built on AzerbaijaniArmenian border

Published

1 day ago

August 17, 2019

The Azeri Times

A border guard system is being built on the border between Azerbaijan and Armenia and Armenia is alarmed by it, said Chief of Staff of the State Border Service (SBS) of Azerbaijan, Major General Elchin Ibrahimov, Trend reports.

According to him, the State Border Service is duly responding to enemy provocations in Gazakh and Aghstafa districts bordering with Armenia.

Ibrahimov also noted that as a result of the measures taken by the State Border Service for detecting reconnaissance and subversive activities, 18 people recruited by foreign intelligence agencies were exposed, and 86 Azerbaijani citizens and 24 foreign citizens suspected of having connections with said institutions were identified.

As part of the fight against terrorism, 91 people were detained and the identities of 388 people were established.

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The Azeri Times