Azerbaijan discusses promising projects with BSTDB for coming period - minister

BAKU, Azerbaijan, July 1. Azerbaijan discusses
promising projects with the Black Sea Trade and Development Bank
(BSTDB), the country's Finance Minister Sahil Babayev said during
the 28th Annual Meeting of the BSTDB Board of Governors in Baku,
Trend's
correspondent reports from the event.

According to him, Azerbaijan intends to expand cooperation with
the BSTDB, focusing on financing regional infrastructure projects
and supporting small and medium-sized businesses.

"The 28th Annual Meeting of the BSTDB Board of Governors is
taking place in Baku today. We have already completed the first
session together with the bank's President, Serhat Köksal. The
executive session will be held next. Azerbaijan has a long history
of cooperation with the BSTDB. We have been working with the bank
since 1994. During this period, the bank has financed various
projects in Azerbaijan totaling approximately 500 million euro,"
the minister stated.

He emphasized that among the most significant projects is
financing small and medium-sized businesses through local
banks.

"The parties plan to further expand their cooperation. Today, we
are discussing the expansion of transnational and regional projects
in Azerbaijan, the South Caucasus, and the Black Sea region.

"This includes broader support for projects in transport
corridors and energy, as well as financing various private projects
in Azerbaijan and other countries, particularly small and
medium-sized businesses. The meeting participants also summarized
the bank's performance for 2025," he said.

According to the minister, last year's results demonstrate the
successful implementation of financial measures and investment
projects by both the bank itself and the countries in the
region.

"The bank's position has been completely strengthened. At the
same time, the financial ratings of countries in the region have
either improved or remained stable. Therefore, today we are
celebrating the bank's successful performance in 2025, and
discussing promising projects for the coming period," Babayev
added.