Exactly half of ICT projects have been "rejected" by the State Fund for Development of Information Technologies of Azerbaijan. The final list included 61 of the 121 grant funding applicants.
According to the State Fund’s today's report, projects must comply with criteria such as a clear justification, commercial potential, contribution to the development of local ICT, investment attraction, social and economic significance, relevance and the perspective of innovation, and so on. The final list of candidates will be determined before the end of October.
Recall, the Fund was established by the Head of State on 15 March 2012. The maximum grant possible is AZN 300 thousand, and the minimum is AZN 10 thousand. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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