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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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