The agreement, signed during the meeting between Azerbaijan’s Economy Minister Shahin Mustafayev and EU Ambassador to Azerbaijan Malena Mard on Dec. 9, envisages twinning and technical assistance, creation of an information system for business in rural area, improvement of support system for development of rural areas in the context of development of small and medium enterprises and family farming, introduction of consulting services system on agriculture, information support, enlightenment of consumers.
During the meeting, Mustafayev said that the EU is Azerbaijan’s main trade partner with a specific weight of 50 percent. Meanwhile, EU countries account for 35 percent of non-oil investments.
The minister noted that Azerbaijan plays an important role in ensuring Europe’s energy security. As of today, 26 projects have been implemented in Azerbaijan as part of the cooperation with the EU and additional 11 projects are being implemented.
Malena Mard, for her part, noted the need for expansion of relations in other areas, besides the energy sector.
The ambassador added that she will continue her efforts for the development of the EU’s cooperation with Azerbaijan.
Azerbaijan receives 14.5M euro for SME development
09 December 2016
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The European Union (EU) has allocated 14.5 million euros for Azerbaijan as part of the program on the country’s regional development, said the Azerbaijani Economy Ministry in a message Dec. 9.
