Before the I European Games there is 190 days left and it looks like the government does not know how else to please the guests expected, showing Baku "in all its glory." At this time began repair work on two underground stations.
The press secretary of Baku Metro Nasimi Pashayev told local press that the repair at the stations Nariman Narimanov and Ganjlik is carried out in preparation for the first European Games. Being replaced is the facing of the passages and upper lobbies. The flooring will be updated as well as the line of communication.
According to Pashayev, the work will be completed within three months. The repair of other metro stations is also planned. He did not disclose the amount allocated from the state budget for this purpose.
Note that the stations Nariman Narimanov and Ganjlik of Baku Metro are in quite usable conditions and do not differ from the "brothers" in other cities around the world. The Azerbaijani government spends tens of millions of AZN on the trim and flooring of the passages and lobbies of the underground, using marble and granite material. With such expenditure, the activity of JSC Baku Underground is subsidized by the state budget. In 2014, the government granted the Metro 35 million manat, and in 2015 the subsidy is projected at 37.9 million manat. --08D--
Economics
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The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
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Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
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Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
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The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
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