From May to August, products of 181 private enterprises operating in the northern economic region were considered inappropriate.
This was reported to entrepreneurs at the zonal meeting in Khachmaz by the chairman of public service on control of technical regulation and standardization of the State Committee for Standardization, Metrology and Patents Abulfat Imanov.
According to him, all in all they conducted 350 inspections of industrial facilities, and recorded 45 administrative violations in the amount of 115.5 thousand manat. Of these funds, 29.1 thousand manat was transferred in favor of the supervisors.
The inspections are continuing. -17D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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