Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank was held alongside a Business Forum. The event brought together government officials, business leaders and experts from across the region.
President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal praised Azerbaijan's economic development, describing the country as a strategic transport and logistics hub connecting Europe and Asia.
He also reaffirmed the Bank's commitment to supporting Azerbaijan's sustainable development through new investment projects and continued financial cooperation.
Speaking at the forum, Sahil Babayev said discussions centred on expanding transnational projects across the South Caucasus and Black Sea region.
He said priorities included strengthening support for transport corridors, advancing regional energy projects and increasing financing for small and medium-sized enterprises (SMEs) in Azerbaijan and other member states.
During the annual meeting, the Board of Governors reviewed the Bank's performance in 2025, approved its financial statements and discussed the institution's budget for 2026.
The Board also confirmed that Bulgaria will host the 29th Annual Meeting of the Board of Governors in 2027.
Headquartered in Thessaloniki, the Black Sea Trade and Development Bank is the development finance institution of the Organization of the Black Sea Economic Cooperation.
The bank finances public and private sector projects across its 11 member states through loans, guarantees, investments, credit lines and trade finance, with the aim of promoting regional economic growth and integration.
Three Pakistani sailors are among five crew members killed after a tanker hijacked by pirates off Somalia was recovered by Puntland security forces...
Afghanistan says its forces have killed 41 fighters and captured 62 others after several days of fighting in eastern Nuristan, accusing Pakistan&rs...
Iranian President Masoud Pezeshkian and Azerbaijan’s Deputy Prime Minister Shahin Mustafayev discussed closer bilateral ties and the implemen...
Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the country militarily, Iran's state news agency IRNA reported.
The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
Here's your AnewZ Daily Brief for 30 September 2026. These are the top five stories making headlines in Europe.
Ukrainian President Volodymyr Zelenskyy said on Monday that more than 8,000 North Korean troops are currently in Russia, with preparations under way to send another 10,000.
Afghanistan says its forces have killed 41 fighters and captured 62 others after several days of fighting in eastern Nuristan, accusing Pakistan’s military of helping armed groups cross into Afghan territory.
Azerbaijan has opened ADEX 2026 and Securex Caspian in Baku, bringing together defence, security and technology representatives from around the world for the three-day exhibitions.
Kazakhstan and Germany have agreed to expand cooperation in critical minerals, industry, energy and transport, with Astana seeking a greater German role in developing supply chains and higher-value production.
Russian state nuclear corporation Rosatom has proposed building a new 1,000-megawatt nuclear power unit in Armenia as Yerevan weighs competing international offers, its head Alexey Likhachev said on Tuesday.
Freight on the Baku–Tbilisi–Kars railway could soon move faster across borders after Georgia, Azerbaijan and Türkiye signed a new customs protocol aimed at cutting delays and streamlining transit.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment