In Baku State University, Azerbaijan-Korean Center for Information Management has been reconstructed.
According to the Rector of the University Abel Maharramov at the opening ceremony, the center consists of three rooms: Seminar, Training Laboratory of Communications and Information Technology, as well as room service users online. The laboratory is equipped with the 75 th new generation computers and two widescreen projectors. Internet hall can accommodate all the students and teachers who want to find the scientific information after hours.
For the creation of the Center the Korean government allocated $ 250 thousand and for the reconstruction it provided one more grant of $ 250 thousand. -17C-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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