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Chinese Companies Invested $800M in Azerbaijan

Chinese companies have invested about $800 million in Azerbaijan, Azerbaijani Economy Minister Shahin Mustafayev said during a meeting with the Ambassador of China to Azerbaijan Wei Jinghua. Addressing the meeting, the minister stressed that Azerbaijan attaches special importance to cooperation with China. Speaking about the development of relations with China …

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In Search for the Most Promising Startups in Central Asia

On July 5th, Seedstars World, the biggest seed stage startup competition in emerging markets, selected the best startup in Kazakhstan during the pitching finals Seedstars Astana, hosted by the first international tech park in Central Asia – Astana Hub. Seedstars World, the largest seed-stage startup competition for emerging markets and …

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EBRD Supports Renewal of Public Transport in Ukraine

The EBRD is supporting the modernisation of public transport in Ukraine with a loan of up to €13 million for the acquisition of up to 72 low-floor trolleybuses for the city of Mariupol. Senior EBRD loan of up to €13 million for up to 72 low-floor trolleybuses for Mariupol €2 …

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How E5P Incentivises Root and Branch Reform in the Eastern Partner countries

New municipal bus fleets, residential energy efficiencies and district heating reforms are just some of the improvements that have been achieved thanks to the Eastern Europe Energy Efficiency and Environment Partnership (E5P). Issuing grants to make such projects possible has helped to put in place sustainable benefits across the region. …

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Russia’s “Google” Yandex – Soon to become Russia’s Amazon

Michael Levin

Yandex, popularly known as Russia’s Google, is working on its own online shopping service that might help it become Russia’s Amazon. Yandex is Russia’s biggest tech firm, and best known for creating the country’s most popular search engine. The firm says it has 50 million monthly users — an impressive …

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Azerbaijan Wants to Increase Hazelnut Exports to Europe

Azerbaijan Hazelnut Producers and Exporters Association (AHPEA) intends to expand the geography of hazelnut exports in the European market, the association’s Chairman Ismayil Orujov told Trend. He said that last week Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized an export delegation to Switzerland, and about 12 Azerbaijani producers took …

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Dress To Express – Fashion Speaks When Politics is Silent

“Images are not innocent. They tell us things about the world.” —Alfredo Jaar Fashion and Art is not just about aesthetics and ornamentation. It serves a purpose. Fashion has played a significant role in activism through imagery and performances. Over the centuries, artists have always been inspired by what happened …

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EBRD Approved 500 Million EUR Loan for TAP Project

EBRD Plans to Invest $400 million in Georgia

The EBRD board members approved a loan of 500 million euros for the Trans-Adriatic Pipeline Project, which provides natural gas transportation from Azerbaijan to the EU in 2020. The cost of TAP is 4.5 billion euros and one of the priority energy projects for the EU. The European Investment Bank …

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ADB Sells €600 Million 7-Year Green Bond to Spur Climate Financing

 The Asian Development Bank (ADB) has raised €600 million to help finance climate change mitigation and adaptation projects with the issue of a 7-year green bond. “Since the inaugural US dollar denominated green issue in 2015, ADB has steadily expanded its green bond offerings, having pioneered the dual-tranche format for …

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Swiss Stadler reveals time of delivering cars to Azerbaijan for BTK

Stadler to President Cars for BTK Railway in September

Swiss Stadler Rail Group will deliver the first batch of cars to Azerbaijan for the Baku-Tbilisi-Kars (BTK) railway in March 2019, Matthias Stöhr, sales director for Caucasus, Russia, Ukraine at the company told Trend. “The cars are now in the stage of final assembly. One car is already finished and …

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