The State Fund for Development of Information Technologies of Azerbaijan intends to initiate amendments to the legislation in order to free resources of the insurance market and the social security fund can be a source of venture capital start-up projects.
As told reporters a member of the Supervisory Board of the Internet Forum President Osman Gunduz, it is part of the proven foreign experience. Venture capital funds around the world play an important role in the development of the Internet business and start-up movement, as only the state is not enough to support the thriving ICT sector and private entrepreneurs are reluctant to invest because of the virtual absence of risks security in Azerbaijan. --17D-
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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