Seminar on Problems of Sustainable Development
Today, Baku hosted a seminar on "Challenges of sustainable development - National consultations in Azerbaijan." Scientists and experts discussed with representatives of international and government agencies the main directions of development of the society to get rid of the causes which impel poverty.
Azerbaijan, where, according to the UN Development Programme, were implemented the basic criteria of the Millennium Development Goals by 2015, has been selected as one of 100 states, which will examine the objectives of sustainable development since 2015, said the UNDP Resident Coordinator Mr. Antonius Broek. According to him, Azerbaijan has adopted the concept of "Azerbaijan 2020: A look at the future", which reflects the main directions of development of socio-economic development of the country. According to Broek, the realization of this concept allows to reach a higher level of development and reduce poverty in the country.
Consultations began in March of this year and in June the final document to be available UN.
World Bank manager for Azerbaijan Larisa Leshchenko told Turan that in 2014 the World Bank will conduct its own investigation of the poverty level in Azerbaijan. "In assessing poverty in Azerbaijan WB were limited to official data (6% in 2012). But next year is planned to study the level of poverty on the basis of international criteria, "she said. In Azerbaijan, the poor are defined as those with incomes of less than AZN 119.30 per month (data GCS Azerbaijan).
Vice-Rector for Science and Innovation of the Azerbaijan State Economic University, said at the seminar that the approach to the problem of poverty in the fundamentally flawed: the poor man is not the one begging, but the one whose financial resources do not allow to change the car "Lada" in
The seminar was organized with the participation of the public association "Center for the Study of economic resources." -08C
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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