`The plan will be worked out mainly by local experts in cooperation with foreign ones,` a local official said. The elaboration will be completed in late 2011. The WB and Azerbaijan"s government have allotted $5 million for this.
Big Baku includes the cities of Baku and Sumgayit and the Absheron district, i.e. the entire Absheron peninsula.
The first General Plan of Baku was prepared in 1896. The latest one was made in 1986. It has not been completed, because the plan made in the Soviet period stipulated its realization for the state budget"s money.
There are 2.26 million residents in Baku.--08B-
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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