Baku is located on the 345th line in the ranking of large cities that have implemented innovative technologies.
According to the Innovation Cities Index (http://www.innovation-cities.com/innovation-cities-index-2014-global/8889), in the eighth edition of the annual list the results of the 445 largest settlements in the world are reflected. The top ten are San Francisco, New York, London, Boston, Paris, Vienna, Munich, Amsterdam, Copenhagen and Seattle.
Neighbors of the capital of Azerbaijan are Tomsk (Russia) and Colombo (Sri Lanka) - two lines above and Kosice (Slovakia) and Newcastle (Australia) - two lines below.
The initiative of making such a rating comes from the Australian company 2thinknow. The purpose is to help entrepreneurs interested in the development of innovation and the search for an optimal region for this. On the list the cities are divided into five categories corresponding to the level of support for innovation: Nexus, Hub, Node, Influencer and Upstart.
The total score is given to cities on the evaluation of three criteria: the level of culture (as a source of ideas), the level of infrastructure and basic conditions for innovation. Baku is in the fourth category - below are only mega cities - beginners in innovation.
Of the famous cities below Baku are located Izmir, Kiev, Volgograd, Kharkov and Dnepropetrovsk. - 17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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