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Day: September 29, 2026
As of August 31, 2026, the Black Sea Trade and Development Bank (BSTDB) has signed agreements for 47 projects in Azerbaijan totaling 442.035 million euros, Report informs, citing the bank.
The actual volume of funds disbursed under 42 operations amounted to 697.58 million euros. Meanwhile, the BSTDB Board of Directors had approved 45 operations in Azerbaijan for a total of 444.488 million euros by the end of August.
According to the bank’s reporting, the financial sector accounts for the largest share of the portfolio of signed projects in Azerbaijan at 50.29%. Energy projects constitute 35.23%, and the real estate sector makes up 6.92%. The share of projects related to consumer staples is 3.91%, while consumer discretionary goods account for 3.65%.
Major BSTDB projects in Azerbaijan include $75 million in financing for the State Oil Company of Azerbaijan (SOCAR) and credit lines for Bank Respublika amounting to 25 million manats. The bank also provided support to the country’s financial sector through Unibank and Azer Turk Bank, which received $7 million and $5 million, respectively.
($1=1.7 manats)
OpenAI will not release its new AI model GPT-6.1 Astra due to safety concerns, the ChatGPT-maker confirmed on Tuesday, the BBC reports.
The AI system, which performs tasks like browsing the web and using apps by itself, “didn’t quite meet the bar” of the company’s standards, Saachi Jain, head of safety systems at OpenAI said.
On Tuesday, OpenAI also issued an update on incidents, that occurred in June but were not made public until last week, in which its models accessed Australian government websites and systems without authorisation.
Those incidents and similar breaches by models developed by major AI firms have in recent weeks intensified the debate around the risks posed by the technology.
Top AI leaders including OpenAI’s Sam Altman and Anthropic boss Dario Amodei have urged the industry to slow the pace of development due to concerns about risks associated with the technology.
