Kazakhstan will open the Centre to study and apply best world experience for creation of energy of the future, said Kazakh Minister of Environment and Water Resources Nurlan Kapparov.
He believes that the centre will help to understand the long-term perspectives of energy development, minimize the risks and guarantee energy safety of the country.
“One of the options is to create the Institute on the basis of the Energy Studies Centre under the Nazarbayev University, which has a logistics, laboratories, staff and the mechanism of attraction of world scientists,” Minister said.
He offered two possible approaches to determination of the Institute’s specialization.
“The first approach envisages search for the new types of energy on the basis of thermal nuclear synthesis and etc. The second approach envisages studying development of famous renewable sources of power, such as solar and wind, as well as new types of energy and the issues of further improvement of the existing technologies, generation, storage and transportation of energy,” Kapparov added.—0-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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