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New school building constructed in Goranboy

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By Laman Ismayilova

New building of the secondary school No 1 has been commissioned in Goranboy region.

The previous building of the school was constructed back in 1937 and had 40 classrooms. However, the school building eventually became unusable.

So, a new building for 700 schoolchildren was built at the initiative of the Heydar Aliyev Foundation within the "New School for a Renewing Azerbaijan" project.

The new three-storey school building is provided with the necessary furniture and equipment. Classrooms and laboratories are equipped with visual aids.

Mukhtaram Mammadova, who has been working at the school since 1977, said that the previous building was unsuitable for teaching, which had a negative impact on students' education.

Speaking about the new school building, Mammadova stressed that it has been reconstructed and put into operation to modern standards. She expressed his gratitude to President Ilham Aliyev and First Vice-President Mehriban Aliyeva.

The school building has classrooms, physics, chemistry, biology laboratories, computer science, military training and medical rooms, labor training rooms for girls and boys, a library, a dining room, an assembly hall and a gym.

Landscaping and landscaping work has been carried out in the yard as well.

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Azerbaijan to simplify civil UAV registration procedures

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By Trend

The Ministry of Digital Development and Transport of Azerbaijan will simplify the procedures for registration of civil unmanned aerial vehicles (UAVs) this year, Deputy Minister Rovshan Rustamov said, Trend reports.

Rustamov made the remark at an event entitled "Priorities in the field of digital development and transport in Azerbaijan".

According to him, to simplify these procedures, it’s necessary to create an appropriate infrastructure to digitalize all processes.

"We want to make the process of registering UAVs as simple as possible. First of all, it’s necessary to take a step towards digital transformation," he noted. "Besides, in order to import these devices to Azerbaijan and register them, it’s needed to apply to nearly seven government agencies, three of which are subordinate to our ministry."

"The consent of third-party institutions is also required, and this takes about two-three months. Thus, we have already identified specific areas and steps that can contribute to the simplification of these procedures," the deputy minister further said.

"In this regard, we can talk about a project which will be created based on a single portal accepting online applications. This year, we plan to fully implement this process," added Rustamov.

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CBA hold regular foreign currency auction

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By Trend

The Central Bank of Azerbaijan (CBA) held a regular currency auction with the participation of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Jan. 27, Trend reports referring to the CBA.

According to the CBA, the demand of local banks for foreign currency amounted to $84.2 million and was fully met.

The average weighted exchange rate of the manat to the US dollar amounted to 1.7 AZN/1 USD based on the results of the auction.

The CBA has begun to conduct foreign exchange auctions through a one-way sale of currency in a competitive environment since mid-January 2017.

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Finance Ministry to put up gov’t bonds for new auction

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By Trend

The Baku Stock Exchange (BSE) will hold an auction on the placement of Azerbaijani Finance Ministry’s medium-term government bonds worth 35 million manat ($2.9 million) on February 1, 2022, Trend reports via the BSE.

According to the exchange, bonds with a face value of 100 manat ($58.8) each with a maturity of 1,092 days and a yield of four percent will be put up for the auction.

Interest payment dates are set for August 2, 2022, January 31, 2023, August 1, 2023, January 30, 2024, July 30, 2024, and January 28, 2025 (the principal payment deadline).

Pasha Capital CJSC will be the underwriter of the placement.

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