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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Azerbaijan promoting SMEs

Azerbaijan, the largest economy in the South Caucasus, has approved new criteria for determining how businesses are categorized according to the number of employees and annual revenue. These measures are aimed at developing small- and medium-sized businesses in accordance with global standards.
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USAID ready to back Azerbaijan's agricultural development

The main priority for the U.S. Agency for International Development (USAID) in Azerbaijan is support of small and medium business, and the agency presently aims to assist banks in establishing an enabling environment for SMEs in the agricultural sector to benefit local farmers, USAID chief lawyer in the country, Leyla Mammadova, told Trend news agency.
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