The 2017 Global Entrepreneurship Summit (GES) will take place on November 28-30, 2017 in Hyderabad, India, with delegates from the United States, India, and around the world coming together to spur Small and Medium Enterprise (SME) development and increase the participation of entrepreneurs, in particular women, worldwide.
The theme of the 2017 summit will be "Women First-Prosperity for All." The conference"s goal is for women to make up at least 50% of the entrepreneur and investor attendees.
The summit will target the following four industries: (1) energy and infrastructure; (2) financial technology and digital commerce; (3) health and life sciences; (4) media and entertainment.
This year the US Embassy is also seeking participation from investors (i.e., venture capitalists, banks, funds, corporations) and entrepreneur ecosystem supporters (i.e., accelerators, incubators, mentors) that could support participating entrepreneurs. International investors and ecosystem supporters must self-fund travel and hotel expenses to India.
The U.S. Embassy strongly encourages all interested entrepreneurs, and investor/ecosystem supporters, to apply for this opportunity.
To apply, please send a document, in either Microsoft Word or Adobe Acrobat (.pdf) format, listing your name and contact information; a brief (3-4 paragraph) description of your project, and a copy of your resume or CV to BakuGES@state.gov by 1700 on Tuesday, August 15.
Economics
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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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Azerbaijan’s Milli Majlis approved in the first reading on Monday the draft budget of the State Social Protection Fund (SFS) for 2025, projecting a deficit-free financial plan with revenues and expenditures balanced at 7.676 billion manats, a 10.45% increase from the previous year.
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Azerbaijan appears poised for a notable economic shift in 2024, according to projections from the European Bank for Reconstruction and Development (EBRD). Inflation, a persistent thorn in the side of policymakers in 2023, is set to cool significantly, with the average annual rate expected to fall to 3.5%, compared with a high of 8.8% last year. Yet, as inflation moderates, the country's current account surplus—an indicator of its external economic strength—is forecast to narrow slightly, dropping to 8.5% of GDP from 9.9%.
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Azerbaijan's vegetable and fruit exports dropped in the first ten months of 2024, with physical weight down 4.1% and value falling 1.7% compared to the same period last year, according to the State Statistics Committee. Key export products, including potatoes and hazelnuts, saw significant declines, while apples, persimmons, and tomatoes showed modest gains.
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