Investment company, BSTDB ink co-op memo
The Azerbaijan Investment Company (AIC) and the Black Sea Trade and
Development Bank (BSTDB) signed a Memorandum of Understanding on
cooperation on Monday.
The memo envisions cooperation in channeling investments into the country's non-oil sector, conduct of joint research in various fields of the Azerbaijani economy, evaluation of projects, exchange of information on potential investors and projects, and collaboration in expanding the network of investors, the company said.
The parties agreed that BSTDB representatives will hold training sessions and other education programs for AIC employees. The memo also covers joint technical assistance to profit organizations operating in Azerbaijan. The document was inked by the AIC executive director Anar Akhundov and the BSTDB president Hayrettin Kaplan.
The BSTDB supports regional cooperation by financing various projects in its member states. The bank, which has been operating in Azerbaijan since 2002, has a charter capital of $1.5 billion.
The memo envisions cooperation in channeling investments into the country's non-oil sector, conduct of joint research in various fields of the Azerbaijani economy, evaluation of projects, exchange of information on potential investors and projects, and collaboration in expanding the network of investors, the company said.
The parties agreed that BSTDB representatives will hold training sessions and other education programs for AIC employees. The memo also covers joint technical assistance to profit organizations operating in Azerbaijan. The document was inked by the AIC executive director Anar Akhundov and the BSTDB president Hayrettin Kaplan.
The BSTDB supports regional cooperation by financing various projects in its member states. The bank, which has been operating in Azerbaijan since 2002, has a charter capital of $1.5 billion.
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