President Ilham Aliyev on August 3 canceled his order of 4 September 2007 On the Establishment of Best Teacher and Best Educational Institution awards.
According to the new decree, the funds annually allocated from the state budget for these awards will be directed to the implementation of grant projects on development and innovation in education.
Aliyev last awarded the winners of the Best Educational Institution and Best Teacher for 2014/2015 on December 21, 2015.
The lump-sum award of AZN 10 thousand was allocated to 51 general educational institutions and AZN 5,000 was allocated to 116 teachers. The total amount of premiums was about AZN 1.58 million. This amount will now be directed to innovations in secondary education. -0-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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