Weekly actual topics in Azerbaijan (Jan. 13-17)

Azerbaijan's economic development a model of successful development

Azerbaijan took 81st place in the Index of Economic Freedom with 61.3 points, going into the category of 'countries with moderately free economies' in a joint study of economic freedom indices, published by The Heritage Foundation and The Wall Street Journal.

The study covers 186 countries in 2014.

The level of welfare is much higher in those countries with freer economies and commercial freedom brings relatively quick and tangible results, according to the study. The Azerbaijani population's income is over three times higher than inflation and this gives grounds to say that the citizens' welfare is improving and that positive dynamics is strengthening each year.

The basic dynamics of Azerbaijan's development is determined by its economic power. Azerbaijan has achieved great success on the international arena and in the region.

Azerbaijan's gross domestic product (GDP) increased by nearly six percent. This is a very high figure. Given the fact that today in most countries the GDP growth stands at half of one percent, one percent and 1.5 percent, the GDP will increase by about six per cent and this is a good result. The non-oil sector grew by nearly 10 percent and serious programmes are being implemented to ensure the further development of this sector.

During the year, $28 billion has been invested in the country's economy. This tendency has also been maintained for several years. The growth of foreign investments in the country shows that Azerbaijan is a very reliable partner and an attractive country for foreign investors. The country's economic reforms, economic liberalisation, improvement of Azerbaijan's credit ratings by leading rating agencies and policy of integration into the world economy contribute to the growth of foreign investments.

This means the model of economic development of Azerbaijan is a model of successful development that could become an example for many advanced countries in the world.

Kazakhstan’s Ulba Metallurgical Plant to buy pies via tender
Kazakhstan’s Ulba Metallurgical Plant to buy pies via tender
Kazakhstan’s freight transportation operator opens tender to rent vehicles
Kazakhstan’s freight transportation operator opens tender to rent vehicles
Azerbaijan's Ministry of Finance announces tender to attract agricultural services
Azerbaijan's Ministry of Finance announces tender to attract agricultural services
Loading Bars
Latest
Brexit responsible for food supply problems in N.Ireland
Iranian Energy Exchange announces products to be on sale on January 23
Turkmenistan, IMF review sectors of national economy with positive impact on GDP growth
Kazakhstan’s Ulba Metallurgical Plant to buy pies via tender
Construction of small solar power plant starts in Uzbekistan’s Tashkent region
Iranian currency rates for January 21
Azerbaijani FM starts visit to Turkmenistan
Italy-based omnichannel content solutions provider extends co-op with Azerbaijani Topaz
Azerbaijani Balakan ferry repaired and put into operation
JOCAP reveals plans for Absheron gas field in 2021
Kazakhstan’s freight transportation operator opens tender to rent vehicles
Absheron EPS progress: pipe laying in Oil Rocks vicinity kicks off – JOCAP
Azerbaijan to get revenues also from third countries’ gas supplies via Southern Gas Corridor
Azerbaijan's CBA signs contract for purchase of banknote-calculating machines
Iran urges US to return JCPOA
Oil slips on surprise rise in U.S. crude stocks
Population of Azerbaijan continues to grow
Kyrgyzstan plans to approve concept of creative economy
EU leaders convene amid vaccine delays, virus variant fears
California first U.S. state to surpass 3 million COVID-19 cases
China sees rise in new COVID-19 cases despite curbs
EBRD, Turkmenistan to implement new joint projects in 2021
Largest gas refinery in Middle East to be unveiled in SW Iran
UN chief welcomes U.S. re-engagement with WHO
Biden reverses U.S. withdrawal from WHO
Kazakhstan unveils 11M2020 trade value with Turkey
France's daily COVID-19 cases hit two-month high
UK records highest daily coronavirus death toll
Israel registers 9,089 new COVID-19 cases, 574,718 in total
Portugal experiences worst day of COVID-19 pandemic
Iran ready to build Herat-Mazar-i-Sharif railway: Roads min.
Tourism becomes key source of foreign-exchange earnings in Georgia
Georgian domestic exports up 3.5%
Amazon sues EU antitrust regulators for letting Italian case go ahead
Korean logistics company ULP invited to invest in Kyrgyzstan
Turkey reports over 6,400 new coronavirus cases
Kyrgyzstan's Central Election Commission approves election results
UAE signs deal with U.S. to buy 50 F-35 jets and up to 18 drones
WHO chief congratulates Joe Biden and Kamala Harris on their inauguration
Qatar reports 271 new COVID-19 cases, 148,000 in total
Over 40 dead after migrant boat capsizes off Libya: UN agencies
Joe Biden sworn in as 46th President of the United States
Kazakhstan to develop strategies to ensure financial stability in banking sector
Iran’s FM to visit Azerbaijan
COVID-19 vaccinations in Turkey exceed 1 million in 1st week
CBI Governor says part of Iranian frozen assets released
Georgian Parliament calls Pension Agency Head for transparency
Kyrgyzstan receives COVID-19 diagnostic reagents from Russia
Trump leaves Washington, skips incoming president Biden's inauguration
Blast rocks building in downtown Madrid
Azerbaijan shows footage from Nadirkhanli village of Kalbajar district (PHOTO/VIDEO)
Africa’s COVID-19 death toll tops 80,000, reports WHO
French online newspaper publishes article about January 20 tragedy
Memory of victims of January 20 tragedy honored in Azerbaijan’s Shusha city (VIDEO)
Turkish Foreign Ministry honors memory of Azerbaijani martyrs of January 20, 1990 tragedy in Baku
Turkish Ministry of National Defense talks January 20, 1990 tragedy in Baku
Azerbaijan confirms 897 more COVID-19 recoveries
Iran unveils amount of saved money by major mining companies
Anniversary of January 20 tragedy marked in Azerbaijan's Shusha
Events of Jan.20, 1990 divided life of Baku citizens into "before" and "after"
Kazakhstan bans import of Azerbaijani tomatoes
Review of Georgian exports to China
Azerbaijani troops hold several events in connection with January 20 tragedy (PHOTO/VIDEO)
Georgia increases wine exports to Azerbaijan
Azerbaijan becomes Georgia's second export partner
Kazakhstan reports decrease in mutual trade volume with Vietnam
Geostat reveals data on China's exports to Georgia
Iran reveals COVID-19 data for January 20
Turkey mobilized to support Azerbaijan in post-war period, says ambassador
Uzbek-Korean JV names volume polyethylene output in 2020
Container shipping rates surge in Georgia
Passenger transportation volume by road surges in Kazakhstan
Georgia may lift restrictions on international flights
Georgia sees decrease in electricity consumption
January 20 events of 1990 aimed to strangle Azerbaijan’s fight for independence – historian
Turkmenistan’s Mary State Power Plant names production indicators of 2020
Iran dismisses having any 'secret talks' with Biden's team to bring US back to JCPOA
New geopolitical reality following Karabakh war to make contribution to GDP growth in Azerbaijan - Economy Minister
Iran to commit to JCPOA obligations - if Europe, US return - FM Zarif
Commerzbank deepens partnership with Microsoft
Central Bank reveals volume of property appropriated by Georgian commercial banks
Kazakhstan's Baikonur Cosmodrome starts launching works for 2021
Azerbaijani Kapital Bank’s total assets increase as of 2020
Carnations blooming today along with khari bulbul in Azerbaijan – Turkish FM
Exports of Iran's steel products declines
French ambassador to Azerbaijan talks about January 20 tragedy
Turkmen carpet weaving enterprise reveals production volume
Iran may cancel additional protocol on nuclear deal - Foreign Policy Commission
Azerbaijan keen to develop relations with Turkey, Pakistan in almost all spheres
Azerbaijani people honoring memory of 20 January tragedy victims (PHOTOS)
Caspian Shipping Company’s marine flotilla reveres memory of January 20 martyrs (VIDEO)
Armenians destroyed mausoleum of outstanding Azerbaijani poet in Shusha - monitoring results
Azerbaijan's State Service for Property Issues unveils amount of transfers to state budget
Supply of Indian manufactured vaccines to neighbouring and key partner countries
Azerbaijan progresses with cotton yields in 2020
EU's Michel calls on Biden to form new transatlantic pact
Jewish community in Azerbaijan revere memory of victims of January 20 tragedy
India to gift 2 mn doses of Covid-19 vaccine 'Covishield' to Bangladesh
India, Japan sign Memorandum of Cooperation to help promote movement of skilled workers
Georgia reports 469 new COVID-19 cases for Jan.20
All news