The Azerbaijan State Program will be accepted on the development of industry in 2015-2020. This is provided by the signed decree of the Azerbaijani President to declare 2014 the Year of Industry in Azerbaijan.
Under the decree, the Ministry of Economy and Industry is in charge of preparing and presenting the head of state an action plan in connection with the 2014 Year of Industry ad in a month.
The Year of Industry ad and development of the state program are due to the need of industrial upgrading and diversification of non-oil industry, involving in economic circulation of available natural and economic resources, creating along with traditional industries manufacturing of new priority areas in industrial parks, increase in the regional industrial capacity, and the development of industry based on innovation. -06D -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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