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Baku holds Eurasia Innovation Day

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An event called Eurasia Innovation Day was held within InnoWeek – Innovation Week on Oct. 23, Trend reports referring to the Azerbaijani Ministry of Transport, Communications and High Technologies.

While opening the event, Azerbaijani Deputy Minister of Transport, Communications and High Technologies Elmir Valizade stressed that Azerbaijani President Ilham Aliyev has signed a number of decrees and orders on the mass introduction of innovative activity and formation of the innovative ecosystem in the country.

The deputy minister emphasized the importance of the decree "On ensuring coordination in the field of innovative development in the Azerbaijan Republic" signed in this sphere.

“The responsible people coordinating the innovative development issues are appointed in the coordination bodies and a reporting system is being formed in accordance with the document,” Valizade added.

"At the same time, there must be at least one specialist in innovation or scientific research in the management structures of the relevant coordination bodies, a certain part of the annual profit is planned to be transferred to introduce innovations and finance the scientific research,” the deputy minister said.

“Moreover, the instruction on the development of a draft innovation strategy in the Azerbaijan Republic is of particular importance for the consistent and comprehensive development of innovations in our country," Valizade said.

Three-panel discussions were organized within Eurasia Innovation Day.

The interesting reports on the topic were read out and the views were exchanged during the first-panel discussion entitled "Digital Communication".

The development opportunities and problems of the national digital economy in Eurasian countries were considered during the second-panel discussions.

The third panel was dedicated to innovations and technologies.

The event was held through the joint organizational support of the ministry and Huawei company.

The politicians, scholars, representatives of the private sector and the media representatives attended the event.

News.Az

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Azerbaijan

Iran to raise wages after hike in petrol prices

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The Iranian government's bill on increasing the fuel prices was submitted to the parliament twice, and both times it was rejected with a very high vote, member of Iranian parliament's Energy Commission Qasem Saedi told Trend.

He said the parliament wasn't in favor of increasing the fuel prices.

The MP also said that the Supreme Economic Council was set to raise the fuel prices without the parliament's approval, but with the approval of the National Security Council and the country's leadership.

"Currently, the MPs are very upset with the timing and the manner of enforcing this policy, but since it is within the Iranian constitution, it should be agreed upon by the parliament," Saedi said.

He went on to add that the government will try to help low-income families in the country to get out of the situation with the least amount of damage.

Saedi said the regulation of the market by the government has become more stringent since the rise of the fuel prices.

Speaking of the wage increase, he said that the parliament plans to raise wages as well.

The peaceful protests have been recently held in connection with an increase in gasoline prices in Iran. In some cases, the protests resulted in riots.

Under the new fuel regulations, each driver is allowed to buy 60 liters of petrol a month at 15,000 rials (35 cents) a liter. Each additional liter costs 30,000 rials (71 cents). Previously, drivers were allowed up to 250 liters at 10,000 rials (25 cents) per liter.

News.Az

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Azerbaijan

Number of particularly serious crime increased by 30 in Armenia

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The number of particularly serious crimes increased by 30% in Armenia, the National Statistics Service reports.

It is specified that from January to September 2019, 18,865 crimes were recorded in the country. In the same period last year, this figure was 17673 crimes.

According to statistics, this year the number of particularly serious crimes increased by 30%. In the first 9 months of this year, 36 murders and 24 attempted murders were committed.

News.Az

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Azerbaijan

IMF forecasts GDP growth in oil countries of Caucasus and Central Asia

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The International Monetary Fund (IMF) expects the annual GDP growth of Azerbaijan and Central Asian countries to reach at least four percent, Trend reports on Nov. 8 referring to the IMF's regional report on the Caucasus and Central Asia.

In accordance with the report, the GDP growth of oil-exporting countries in the region, namely Kazakhstan, Turkmenistan, and Uzbekistan, along with Azerbaijan, will keep at 4.3 percent in 2019 and 4.4 percent in 2020.

The IMF calls relatively weak fiscal policy and growth in lending for the private sector as the internal causes of economic growth. The external obstacles are the slowdown in global growth, a decrease in commodity prices and an increase in geopolitical risks.

At the same time, the average current account balance of the countries included in the report will remain at around 0.5 percent of the deficit in 2019 and one percent in 2020.

The IMF expects the current account surplus to reach $1.7 billion in Azerbaijan. The surplus is planned to greatly increase during the next three years. Thus, a surplus worth $2.7 billion is expected to be observed in 2023.

The report said that the Caucasian and Central Asian countries shall make further efforts to stimulate higher and inclusive growth, create job places, improve living standards, sustainability and reduce exposure to the external shocks. News.Az

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