The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan to build a diversified, inclusive and sustainable economy.
For the next five years, the Bank will seek to help Azerbaijan harness its untapped solar and wind power potential, including by strengthening the electric grid and supporting renewable energy exports, and further enhance the country’s sustainability and climate resilience. Additionally, it will continue to focus on supporting greater economic diversification and private sector development by providing financial assistance to the non-extractive sector and SMEs, encouraging exports and strengthening regional connectivity to foster sustainable growth, the Bank’s press-release said.
According to the strategy, EBRD will channel investment and advisory support to small and medium-sized enterprises in non-oil sectors such as agribusiness, manufacturing and services, information and communication technology, and infrastructure.
It will also focus on empowering female- and youth-led enterprises, supporting innovation and expanding export capabilities through greater competitiveness, while continuing to work with government entities to strengthen corporate governance, advance reforms to state-owned enterprises and improve the overall business climate.
The EBRD will help Azerbaijan to capitalise on its geographical location between Europe and Asia as the government is pursuing a number of multimodal projects to better connect the country to international transport networks. The Bank will invest in sustainable transport networks, municipal infrastructure and digital connectivity, with a particular focus on projects linked to the Middle Corridor.
Nataly Mouravidze, the EBRD’s Head of Azerbaijan, said: “Over the course of the next five years, we will work with Azerbaijan to build a diversified, inclusive and sustainable economy that is driven by innovation and private-sector growth. By tapping into Azerbaijan’s renewables potential and enhancing its regional connectivity, we can unlock long-term opportunities for the country and its people. We already have a strong foundation to build on.”
The EBRD is the largest institutional investor in Azerbaijan. To date, the Bank has invested over €4 billion in Azerbaijan across 195 projects in sectors including renewables, connectivity and sustainable infrastructure.
U.S. President Donald Trump will roll out the red carpet for Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, widely known as MBS, on ...
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow....
The 27th plenary meeting of the Conference of the Special Service Agencies of the Turkic States on the theme 'The Role of Special Service Agencies in ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 18th of November, covering the latest developments you need to...
Russian drones damaged a building housing the Dnipro newsroom of public broadcaster Suspilne and Ukrainian Radio Dnipro in a major overnight attack on...
The 27th plenary meeting of the Conference of the Special Service Agencies of the Turkic States on the theme 'The Role of Special Service Agencies in Ensuring the Security of International Transport Lines' was held in Khankendi city on 14 November.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
Armenia’s Foreign Minister Ararat Mirzoyan met with Allison Hooker, U.S. Deputy Secretary of State for Political Affairs, in Yerevan on Monday.
Around 50 tourism companies attended the "China Visitors Summit" in Baku on Sunday (17 November). The event, organised by the State Tourism Agency, was the first time it was held in Azerbaijan's capital, and brought together representatives from the tourism industries from both countries.
Ukraine is facing a sharp escalation in fighting across several fronts, with Russian forces launching large-scale offensive operations while Kyiv intensifies long-range strikes deep inside Russian territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of what it described as a broader offensive aimed at securing full control of the strategic territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of a broader offensive aimed at seizing full control of the area.
China’s Ministry of Culture and Tourism has issued a formal advisory urging Chinese tourists to refrain from travelling to Japan in the near future, citing growing safety risks and recent political tensions.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment