Sahil Babayev: 31 new projects worth €668 million approved

Finance Minister Sahil Babayev announced that 31 new projects worth over €668 million were approved last year, an 81% increase from the previous year.

ByRobert Moore- Senior Editor

Today / 07:31|Last updated: Today / 07:33

0

0

Sahil Babayev: 31 new projects worth €668 million approved — Photo: Prepared by Bond.az

Finance Minister Sahil Babayev spoke at the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank (BSTDB).

He stated that last year, 31 new projects with a total value of over €668 million were approved. This represents an 81% increase compared to the previous year.

The bank's operational portfolio reached approximately €1.5 billion. The minister emphasized that these results confirm the bank's effectiveness as a regional development institution.

Azerbaijan is ready to expand cooperation with BSTDB. The country supports joint projects in infrastructure, renewable energy, and transport connectivity.

More News

BSTDB to Finance Which Sectors in Azerbaijan?

Today / 08:02

|

564

BSTDB to Finance Which Sectors in Azerbaijan?

BSTDB reveals sectors for financing in Azerbaijan: aviation, solar energy, logistics, tourism, education.

0

0

Oil prices rise: Brent at $73.23

Today / 07:31

|

360

Oil prices rise: Brent at $73.23

Oil prices rise globally. Brent crude reaches $73.23, WTI hits $69.76. Details on Bond.az.

0

0

BSTDB President Thanks Azerbaijan Government

Today / 07:30

|

721

BSTDB President Thanks Azerbaijan Government

BSTDB President Serhat Köksal thanked the Azerbaijani government at the Baku meeting for the reliable partnership.

0

0

Azerbaijan's oil prices fall

Today / 06:01

|

332

Azerbaijan's oil prices fall

Azerbaijan's Azeri Light crude oil price fell by 0.26 USD to 75.34 USD. Latest updates on oil price decline.

0

0

Public Procurement Eased for Non-Residents

Yesterday / 13:03

|

368

Public Procurement Eased for Non-Residents

Azerbaijan is simplifying public procurement for non-residents. A new bill eases performance and advance guarantee requirements, removing obstacles for foreign suppliers.

0

0

Import of non-food goods banned without conformity doc

Yesterday / 13:01

|

910

Import of non-food goods banned without conformity doc

Import of non-food consumer goods without conformity documents will be banned. New customs regulations ensure safety and support local industry.

0

0

VAT Deposit to SSIF Transfer Now Possible

Yesterday / 12:32

|

876

VAT Deposit to SSIF Transfer Now Possible

Azerbaijan allows transferring funds from VAT deposit accounts to the State Social Protection Fund. Details on the new bill.

0

0

Penalties for online gambling tightened

Yesterday / 09:33

|

435

Penalties for online gambling tightened

Azerbaijani Parliament tightens penalties for online gambling. Virtual gambling, involvement of minors, and organized groups face stricter prison terms.

0

0

Investment Expenditures Underperformed?

Yesterday / 08:00

|

230

Investment Expenditures Underperformed?

Finance Minister Sahil Babayev commented on the underperformance of investment expenditures last year.

0

0

Parliament adopts budget execution law

Yesterday / 07:30

|

458

Parliament adopts budget execution law

Parliament adopted the law on the execution of the 2025 state budget. Budget revenues exceeded 39 billion manats.

0

0

Oil prices drop: Brent at $72.26

Yesterday / 07:03

|

860

Oil prices drop: Brent at $72.26

Oil prices edge lower ahead of Iran-US talks in Doha: Brent at $72.26, WTI at $70.08.

0

0

Sale of some bulbs banned in Azerbaijan

Yesterday / 06:30

|

419

Sale of some bulbs banned in Azerbaijan

Starting July 1, Azerbaijan bans sale of incandescent bulbs between 25W and 60W under energy efficiency law.

0

0

...

Sahil Babayev: 31 new projects worth €668 million approved | Bond.az