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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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