The Ministry of Labor and Social Protection (MLSP) provided a lump sum financial assistance in the amount of 50 manat ($ 64) to 112 316 families of martyrs and disabled of the events of January 20. The fact that the costs at the national level is just 21.4 thousand manat speaks for itself.
According to the Ministry of Labor, to date, 53 people with disabilities and 20 families of martyrs of January 20 have been provided with flats and 78 disabled were provided with cars.
Recall that in the night from 19 to 20 January 1990 as a result of the Soviet invasion in Baku, Azerbaijan more than 130 civilians were killed and more than 600 people were injured. The Soviet troops perpetrated enormous destruction.
To this day, the fate of more than 400 people - women, children and the elderly – is unknown. --17D-
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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