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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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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