ADA University and Pasha Bank have established a special student loan program to attract talented high school youth in the 2016/2017 academic year.
For bachelors credits will be given for tuition for the period of 9 years, and for undergraduates – for up to 5 years. Annual interest rates on credits in national currency amount to 7%, depending on the academic performance of students.
The University has established a scholarship program tied to the point system of entrance examinations. Applicants who have scored 690-700 points receive a 100 per cent discount to pay for education for a semester. Those who have scored 660-689 points receive a discount of 40%, 640-659 points - 30%, and 620-639 points - 20% discount.
As noted in the ADA, the credit program is designed to provide a good education for talented young people from the regions where the level of income is the lowest in Azerbaijan.
Education at the University is 6,000 AZN per year. This is more than the average salary in the country.
The educational process at the University is in English, which is taught in schools almost at a zero level. To do this, students with insufficient level of English are offered additional training for EAPP (English for Academic Purposes Program). -0--
Economics
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Azerbaijan is witnessing a sharp contraction in its foreign trade turnover, with data for the first half of 2024 showing a significant 38% year-on-year decline. According to the State Statistics Committee, the nation's trade turnover from January to June 2024 amounted to $21.77 billion, a steep fall from $30.3 billion recorded during the same period in 2023.
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Elnur Aliyev, Advisor to the Minister of Science and Education, stated to journalists that a per capita financing system will be introduced in schools by the end of 2026: "This is currently a pilot project. It will be implemented in a group of schools. This year, the project will be launched in several schools."
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The Cabinet of Ministers of the Republic of Azerbaijan has adopted a resolution to approve the "Rules for the Transportation of Passengers, Luggage, and Cargo-Luggage by Rail Transport." This resolution, No. 352, was signed by Prime Minister Ali Asadov and aims to improve the efficiency and quality of railway transport services in the country.
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The Cabinet of Ministers of the Republic of Azerbaijan approved a series of amendments to the excise rates on excisable goods imported into the country on July 23. The changes, ratified on January 19, 2001, and coming into force 30 days from today, aim to align tax rates with current economic conditions and trade policies.
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