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Azerbaijan prepares new digital economy strategy

Economy Materials 30 November 2022 09:48 (UTC +04:00)
Azerbaijan prepares new digital economy strategy
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, November 30. It is planned to prepare a relevant strategy (Strategy of Digital Economy Development) in order to create a digital economy in Azerbaijan, Trend reports, referring to the Head of the Digital Economy Department of Azerbaijan's Center for Analysis and Coordination of the Fourth Industrial Revolution (C4IR), Javid Abdullayev.

According to him, the preparation of the strategy has already begun.

"Moreover, a working group that consists of representatives of Azerbaijan's Ministry of Economy, C4IR, Ministry of Finance, Central Bank of Azerbaijan, and Ministry of Science and Education has been created. It is necessary to consider the opinions and proposals of all relevant establishments when developing such a strategy. We have planned our work in this direction," said Abdullayev.

He also noted that the strategy of the digital economy is going to solve such issues as creating a digital ecosystem and ensuring the proper and systematic development of the digital economy.

"I would also like to note that we have studied the international experience in this field. The formation of the digital economy also requires the strengthening of cybersecurity, and the preparation of relevant regulations as well as laws and statements. The other important direction is human capital. In accordance with this, the work on implementing the IT Hub project is underway," he said.

He noted that the purpose of the IT Hub project is to provide free courses on information technology for people interested in modern technologies in the regions of Azerbaijan.

"This project is implemented within the framework of cooperation between the European Bank for Reconstruction and Development and the Azerbaijani government," he added.

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