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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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