SOFAZ sovereign wealth oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenue.

Annual inflation in Azerbaijan in September was 5.2 percent, up from 4.8 percent in August this year.

EDB is a regional development bank established by the Russian Federation and Kazakhstan in 2006.

The EBRD is providing a 25 million euro loan for on-lending to local firms, with at least 70 percent of that aimed at financing investments in green technologies.

World Bank said that about 250,000 people living along the Yenikend-Bilasuvar road would benefit from upgraded road infrastructure, as well as improved economic opportunities and easier access to essential service facilities.