BAKU, Azerbaijan, August 6. This week it has become known that the agreement signed between the Azerbaijan Investment Company and Israel's OurCrowd leading capital crowdfunding platform provides for Azerbaijan's investing in Israeli high-tech companies, thus making a great contribution to the Azerbaijani economy, Trend reports.
Furthermore, the mentioned project, initiated by the country's Ministry of Economy and the Azerbaijan Investment Company, will promote enhancing cooperation between the two countries and stimulate investment in technology companies.
Moreover, it has been reported that Azerbaijan's nonbank financial companies (NBFCs) are now technically able to issue loans online. Thus, AzCredit Non-Banking Credit Organization was the first company to execute this practice, which became possible through the AzCredit solutions' integration into the SIMA digital signature platform.
In addition, this week has revealed that Azerbaijan has improved its position in the Global Startup Ecosystem Index 2022: the country got additional four points, ranking 85th globally, ahead of Qatar (86), Moldova (88), and Kyrgyzstan (100). Meanwhile, Baku became the only city in the ranking that rose by 12 positions, taking 443rd place.
The global rating evaluates the startup economy status, describes the dynamics of their growth, and the main trends.
It also became known that the Swiss Signalhorn company started to provide internet services to cruise liners in the Mediterranean via the Azerbaijan's Azerspace-1 satellite.