Finalists announced for StartUp Azerbaijan
Today at Marriott hotel, there was a conference "Internet business in Azerbaijan: current state and prospects of development."
It announced the finalists of the ongoing competition StartUp Azerbaijan. According to President of Internet Forum Osman Gunduz, all the six finalists interested investors, not only local (SINAM, University Qafqaz, Goldenpay, AtaBank, Bakcell, Ultra, InfiPro and others), but also several Turkish firms. Foreign businessmen still know little about the possibilities of the local ICT market, if they read in the media about the $ 700 million invested by the government in the development of information technologies, their interest will grow, as well as opportunities in the international market of young Azerbaijani authors of the projects StartUp.
The Director of the firm SINAM Elchin Aliyev spoke about the development of a successful regional project GoMap, whose services are used by hundreds of thousands of people not only in the South Caucasus, but also abroad. At first, it was the most common StartUp, sprawling to an international brand.
Other interested directors of commercial talked about features attract investors to new businesses. According to them, today the investor prefers to invest in agriculture, carpet weaving, trade and other traditional types of profitable businesses. Difficulties will be companion to inancial investments in ICT for not more than 10 years - far less than other high-tech sectors of the economy. Then the investors themselves will pursue the holders of good ideas in this area - according to businessmen.
Here are the most attractive features of the projects of finalists and interesting business people. So, thanks to the project "Tuning Fork" announcers, singers, speakers, and all the other "workers with a microphone," will be able to convey to the audience is not distorted sounds subjective reasons.
The project "Nettrends" will be monitored news resources of virtual space and classify them in accordance with the tastes of the customer.
The project "Brandbook" is the first local private electronic trading system in a mode online.
Program written for the project "Mimics2Digi", designed to mimic human characteristics and visibility in front of a video camera.
Social service Brandevu.az tell users about the advantages and disadvantages of service objects based on the experiences of passengers experienced users hotels, business centers, cafes, restaurants, etc.
Finally, Musiq.im is the editor of musical scores. Working in an online program and supported by modern HTML5, it will reveal the composer's ability to even those who know nothing about music education. - 17D-
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- Economics
- 4 July 2013 15:15
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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