The volume of foreign investment in the capitalization of the Azerbaijani economy by 1 August exceeded the proportion of local financial investments, amounting to 61.8% or 4 billion 923.1 million manat (61.85% of all investments). On the account of the internal injection 38.15% of the total $ 7 billion. 959.7 million manat (minus 29.7% compared with the same indicator of January-July of last year.)
According to the data of State Statistics Committee on the results of the past seven months, four-fifths of the mentioned funds (6 billion 460.4 million) were invested in the production, and 1billion 175.9 million - in the construction of services, and only 323 400 000 manat - in the construction of housing. Nearly three-quarters (72.3%) of all financial investments - for the private sector, the remaining 2 billion 204.8 million manat spent the state. --17D-
Economics
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Azerbaijan's Small and Medium Business Development Agency (SME) and the Iraqi Federation of Chambers of Commerce have formalized a significant step towards enhancing bilateral economic ties with the establishment of the Azerbaijan-Iraq Business Council. The agreement, signed by Orkhan Mammadov, Chairman of the Board of Directors of SME, and Abdulrazag Al-Zuheir, President of the Iraqi Federation of Chambers of Commerce, comes within the framework of the Azerbaijan-Iraq Business Forum.
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Azerbaijan officially presented the updated digital government platform "myGov" at an event on September 17 in Baku, marking a significant step in the country's digital transformation. The event was attended by government officials, private sector leaders, media representatives, and industry experts.
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Minister of Economy Mikail Jabbarov held a meeting with the World Bank's Regional Director for Sustainable Development for Europe and Central Asia, Sameh Naquib Vahba, to review the ongoing and potential areas of collaboration between Azerbaijan and the World Bank. Both sides expressed their satisfaction with the progress made in joint projects aimed at boosting economic diversification and infrastructure development in Azerbaijan.
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Azerbaijan officially presented the updated MyGov digital government platform today in the capital city of Baku, marking a significant milestone in the nation’s ongoing digital transformation.
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