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European Commission and Government of Azerbaijan Sign Financial Agreement
Economics 


2017 October 27 ( Friday )  16:08:24
Print version
Русский Azərbaycan

Baku / 27.10.17 / Turan: The Azerbaijani government and the European Commission signed an agreement on financing the Program of the Technical Cooperation Mechanism in Baku on October 25. This document, worth EUR 13.45 million, is part of the Action Program for Azerbaijan for 2016 within the framework of the European Neighborhood Instrument.

According to the press service of the Ministry of Economy, the document from the Azerbaijani side was signed by the head of this department Shaheen Mustafayev.

The agreement provides for "supporting ongoing reforms in the sphere of economy, finance and judicial administration," the Ministry of Economy said in a brief statement. Within the framework of this program, measures will be implemented to develop small and medium-sized businesses, manage public finances, study the labor market, modernize the system of state standards and develop state statistics, and provide legal assistance to the population. ----08D