OREANDA-NEWS. January 26, 2010. The European Bank for Reconstruction and Development (EBRD) expands operations in Azerbaijan.

Head of EBRD in Azerbaijan Francis Delay informed that  EBRD planned 12 projects in Azerbaijan in 2010.

“USD 220 million will be provided for these projects, however, the sum can increase depending on the projects. For the most part, the projects in the natural resources sphere, telecommunications, agrarian and financial sectors,” F. Delay said.

In 2009, EBRD financed nine projects in Azerbaijan in the amount of USD 260 million.