
Position of ICT Development Worsens
Azerbaijan is located on the 57th place out of 143 possible according to the development index of information and communication technologies (minus 8 positions compared to the previous year).
The non-governmental organization World Economic Forum (Switzerland), known for organization of annual meetings in Davos, published a relevant report (The Networked Readiness Index) for 2015.
NRI index has been compiled since 2001, based on publicly available data and the results of a survey of company managers. The calculation is based on the assessment of the readiness of economies to maximize the efficient use of ICT. At the same time four sub-indices have formed in 2015: the conditions for the development of ICT (Environment Subindex), the willingness of citizens, businesses and government agencies to use ICT (Readiness Subindex), the level of ICT use in the public, commercial and public sectors (Usage Subindex), and the impact of information technology on the economy (Impact Subindex).
In preparing NRI 53 indicators are considered. The top five are Singapore, Finland, Sweden, the Netherlands and Norway.
Except Azerbaijan among other countries of the former Soviet Union, are in the following order in the rtanking: Estonia (22), Lithuania (31), Latvia (33), Kazakhstan (40), Russia (41), Armenia (58), Georgia (60), Moldova (68) and Ukraine (71). --17D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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