BSTDB president announces plans to increase investment in Azerbaijan

The Black Sea Trade and Development Bank (BSTDB) plans to increase its investment in Azerbaijan, implement more joint projects, and strengthen its support for businesses focused on expansion, innovation, and access to international markets, BSTDB President Serhat Koksal said at a business forum during the 28th annual meeting of the BSTDB Board of Governors in Baku.

"Our cooperation with this country has been ongoing for over twenty years, founded on mutual trust, shared goals, and a shared conviction in the transformative potential of private sector development. Throughout this period, the BSTDB has supported projects in various sectors - from financial institutions and manufacturing to trade and energy - facilitating the creation of new jobs, increased competitiveness, and sustainable economic development.

We are particularly proud that our work in Azerbaijan has always aligned with the government's evolving priorities-supporting small and medium-sized enterprises, promoting trade ties, strengthening financial intermediation, and stimulating investments aimed at enhancing connectivity and competitiveness," the head of the BSTDB emphasized.

He also noted that their ambitions do not stop there.

"Azerbaijan is entering a new phase of its development, characterized by a focus on innovation, economic diversification, green transformation, and deepening regional integration. The BSTDB is ready to expand its presence. We strive to increase our activity: increase investment, implement more joint initiatives, and provide greater support to enterprises focused on growth, innovative development, and access to global markets. As a regional multilateral development bank, we believe our mission is not limited to providing financing. We act as a partner that provides not only capital but also long-term commitments, regional expertise, and a platform for multilateral cooperation," added Koksal.