The European Bank for Reconstruction and Development (EBRD) has approved a trade finance line of up to $5 million (€4.4 million) for Unibank under its Trade Facilitation Programme (TFP). The agreement, signed during the EBRD’s 2025 Annual Meeting in London.
The programme, designed to support the export and import operations of private companies, will enable Unibank to further expand its trade transactions with the international banking community. The agreement underscores the EBRD’s growing commitment to strengthening Azerbaijan’s financial sector, reads EBRD statement.
Unibank’s Chief Investment Officer, Emin Rasulzade, said: “It is a source of pride for us that our collaboration with the EBRD has reached a new stage. The recognition and support of such a prestigious institution as the EBRD for the steps we have taken to develop our clients’ foreign trade operations is of great importance to us. This partnership is playing a key role in Unibank’s strategy to develop Azerbaijan’s non-oil sector.”
The EBRD’s TFP programme currently operates in 27 economies, with an extensive network of more than 130 issuing banks and over 800 confirming banks, strengthening correspondent banking relationships, developing links with new markets and promoting intraregional transactions. Through the TFP, the EBRD provides guarantees to local banks, enabling smoother trade flows and increasing access to new markets for local businesses.
"This is our second agreement this year, and this time we are opening a trade finance line to support foreign trade. I am confident that this transaction will allow Unibank to expand its trade finance business and contribute to the growth of export-import operations in Azerbaijan,” - said George Orlov, the EBRD’s Financial Institutions Director for Central Asia, the Caucasus and Türkiye.
The Bank’s recently renewed country strategy for Azerbaijan focuses on supporting the country’s non-oil sector and local lenders, as well as boosting investment in the green economy.
Kazakhstan’s Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) held talks on advancing cooperation in decarbonization, renewable energy and modernization of the country’s power infrastructure.
Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), will visit Kazakhstan on 23–24 June 2025 for meetings with senior government officials and business leaders.
Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand. The project is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million metric tonnes of emissions per year.
The European Bank for Reconstruction and Development (EBRD) has launched its Youth in Business programme in Türkiye, building on its success in 12 other countries. The initiative aims to mobilise up to €250 million in financing to support young entrepreneurs under 35.
A delegation from the EBRD’s Board of Directors will visit Kazakhstan from 16 to 20 June 2025
North Korea strongly condemned the U.S. strike on Iran, calling it a grave violation of Iran’s sovereignty and security interests.
The International Atomic Energy Agency (IAEA) will hold an emergency Board of Governors meeting today after U.S. attacks on Iranian nuclear facilities.
Australia’s Prime Minister Anthony Albanese said Canberra supports the U.S. strike on Iran and calls for de-escalation and diplomacy.
China has condemned the U.S. strike on Iran’s nuclear sites, warning it has undermined Washington’s credibility and risks triggering a broader regional crisis.
Some Democratic and Republican lawmakers are urging Congress to limit President Donald Trump’s military actions in Iran, warning against deeper U.S. involvement in the escalating Middle East conflict.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Meta has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica.
North Korea strongly condemned the U.S. strike on Iran, calling it a grave violation of Iran’s sovereignty and security interests.
The International Atomic Energy Agency (IAEA) will hold an emergency Board of Governors meeting today after U.S. attacks on Iranian nuclear facilities.
Australia’s Prime Minister Anthony Albanese said Canberra supports the U.S. strike on Iran and calls for de-escalation and diplomacy.
China has condemned the U.S. strike on Iran’s nuclear sites, warning it has undermined Washington’s credibility and risks triggering a broader regional crisis.
Some Democratic and Republican lawmakers are urging Congress to limit President Donald Trump’s military actions in Iran, warning against deeper U.S. involvement in the escalating Middle East conflict.
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