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 economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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