Business

No alternative to renewable energy

Azerbaijan intends to further develop alternative energy sphere gradually by increasing the share of renewables in electricity generation, Azerbaijani MP, Doctor of Economics, Professor Rufat Guliyev told Day.az, Trend reports.
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BSTDB, Development Bank of Austria to finance SMEs in Azerbaijan

The Black Sea Trade and Development Bank (BSTDB) has signed a 30 million euro facility agreement with the Development Bank of Austria (OeEB) aimed to finance private sector projects and investment programs in the industry, agriculture and service sectors, as well as to provide working capital and export financing in Albania, Armenia, Azerbaijan, Georgia, Moldova and Ukraine, Trend reports referring to BSTDB on May 25.
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EBRD supports Azerbaijan’s tea industry

With the right support, including public and private investment and the transfer of know-how, Georgian and Azerbaijani tea industries could see a revival, tea expert John Snell said, Trend reports referring to the Food and Agriculture Organization (FAO) of the United Nations.
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Ecosystem of startup projects developing successfully in Azerbaijan

Taking into account the previous mistakes, some Azerbaijani startuppers annually create new projects to enter the international markets over the past five years, Director of Azerbaijan’s INNOLAND Incubation and Acceleration Center Mammad Karim said, Trend reports referring to the online event "Investment opportunities of the Azerbaijani startup ecosystem".
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Azerbaijan to participate in UNESCAP meeting in Bangkok

Executive Director of the Center for Analysis of Economic Reforms and Communication of Azerbaijan (CAERC) Vusal Gasimli will represent Azerbaijan at Sixth Meeting of the Interim Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation, which will be held in Bangkok on September 28-29, Trend reports citing CAERC.
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AzerGold's exports gold, silver worth $12.2 million

Azerbaijan’s AzerGold company has stated that its production operations were not disrupted by the COVID-19 crisis recently and that it has exported 6,769.37 ounces of gold and 15,758.29 ounces of silver worth a total of $12.2 million (AZN 20.7M), the company’s press- service reported on May 21.
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