The agency Bloomberg published a rating -2017 "The most innovative countries." The list includes the top 50 countries, where, of course, Azerbaijan has no place. Of the former Soviet republics Russia leads the list (26th place), followed by Lithuania (32), Estonia (33), Latvia (39), Ukraine (42) and Kazakhstan (48).
The top ten are South Korea, Sweden, Germany, Switzerland, Finland, Singapore, Japan, Denmark, the USA, and Israel.
Bloomberg Innovation Index is compiled on seven factors: costs of research and development work, productivity, presence of high-tech companies in the economy, the prevalence of higher education, the added value of goods, the number of registered patents, and the number of researchers. -0-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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