Senior EU official visits Baku to unlock potential of EU’s Economic and Investment Plan

Senior EU official visits Baku to unlock potential of EU’s Economic and Investment Plan

November 22, 2021

On 17-18 November, Acting Director General for European Neighbourhood Policy and Enlargement Negotiations, Maciej Popowski, paid an official visit to Baku to discuss and take forward the implementation of the EU’s Economic and Investment Plan for the Eastern Partnership in Azerbaijan.

Popowski also took part in a workshop on blending, which brought together representatives of the EU, international financial institutions, government and key enterprises.

The plan and its accompanying five flagship initiatives for Azerbaijan were presented this July. The flagship initiatives – greening of the Port of Baku, digital transport corridor, support to SMEs, innovative rural development and greener cities – aim at attracting significant volumes of investments to the country, creating jobs and sustainable economic growth.

My mission to Azerbaijan has shown that potential for investments in Azerbaijan can well go beyond the initially indicated levels. The EU is more than ready to work together with the Government, the private sector and international financial institutions to make a positive change for the lives of everyday citizens”, said Maciej Popowski.

The Economic and Investment Plan for the Eastern Partnership will mobilise up to €2.3 billion of EU funding in order to leverage public and private investment of up to €17 billion for all countries of the Eastern Partnership.

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