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Economic News Bulletin No 28,Oktober 2018

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Economic News Bulletin No 28,Oktober 2018 Economic news bulletin No 28, October 2018 competitiveness rating published in the report. "The calculation was carried out on the basis of a new method, significantly different from the previously used method. The rating is compiled in 12 positions. The first position "Institutions" is very Economic News Bulletin important from the point of view of Embassy of the Republic of intellectual property. Azerbaijan Azerbaijan to the scored 4.8 points in this position and Swiss Confederation and took 36th place (it took 37th place last Principality of Liechtenstein year.) In terms of the “Protection of Kramburgstrasse 10, 3006 Bern Intellectual Property” indicator, tel: +41 31 350 50 44 Azerbaijan ranks first among the CIS fax: +41 31 350 50 41 countries, and, outranking Armenia by e-mail: [email protected] 30 points, and Georgia by 54 points, is the undisputed leader among the Macroeconomics countries of the South Caucasus," the agency said. It is also noted that Azerbaijan ranks 1st among CIS Russia is on the 85th place, Ukraine - countries as per “Intellectual on the 114th place in terms of this Property Protection” indicator. The agency stated that the "Innovation" position is related to Azerbaijan ranks first among the CIS intellectual property to some extent. countries by the "Azerbaijan holds 71st place in the "Protection of "Innovation" position, being ahead of Intellectual Georgia and Kazakhstan, which are at Property" indicator the 85th and 87th places, respectively. in the report of the The Russian Federation (36th place) World Economic Forum, the and Ukraine (58th place) the leaders commentary of the Intellectual here," the agency stated. Property Agency of Azerbaijan related to the Global Competitiveness Report Confederation of Entrepreneurs: (GCI-2018) published by the World Over 15 years $250B invested in Economic Forum for 2018, reads. It is Azerbaijani economy noted that Azerbaijan hold 69th place in accordance with the country's Over the past 15 years, $250 billion has been invested in Azerbaijani 1 Economic news bulletin No 28, October 2018 economy, half of which accounts for measures taken to improve the foreign investment, regulatory framework of vocational the President of the education in 2018 in Azerbaijan for National the first time a law on vocational Confederation of education was adopted," Gurbanov Entrepreneurs said. (Employers') Organizations of the Republic of Azerbaijan Mammad "In particular, the new law provides Musayev said at the conference for the provision of financial, legal "Cooperation of entrepreneur- and other benefits in order to increase professional education". the interest of employers in attracting graduates of vocational schools. I "Investment means attraction of new would also note that memorandums of technologies, creation of new understanding have been signed enterprises. And this, in turn, presents between a number of educational new requirements for education, institutions, local and foreign including professional education. On companies," the deputy minister this matter, we work closely with the added. Ministry of Education and individual universities, educational institutions. Industry A lot of work has been done within the framework of the signed Azerbaijan signs Belt and Road agreements, which gives positive Energy Partnership Declaration results," Musayev said. Azerbaijan has become a signatory to In his turn, the Deputy Minister of the Belt and Education of Azerbaijan Firudin Road Energy Gurbanov, who made a speech at the Partnership event, noting that Azerbaijan Declaration as continues to optimize existing and Minister of create new vocational schools, which Energy Parviz Shahbazov attended the will help improve human resources. Belt and Road Energy Ministerial Conference in China. Hosted by the "As a result of the optimization, in Chinese National Energy accordance with the relevant decisions Administration, the conference of the Cabinet of Ministers, on the brought together ministers of energy basis of 34 vocational schools located administrations and representatives in Baku, Ganja and Gabala district 14 from relevant international specialized vocational education organizations. The major highlight of centers have been created. As part of 2 Economic news bulletin No 28, October 2018 the conference was Building the "Belt expressed their support for building of and Road" Energy Partnership. Belt and Road Energy Partnership. One Belt, One Road initiative was put Addressing the conference, forward by Chinese President Xi Shahbazov said that through Jinping. restoration of the historical Silk Road, China and Azerbaijan are bringing Azerbaijan expressed its support to the continents and civilizations closer to initiative when the country signed the each other, building a new model of Memorandum of Understanding on cooperation of the Belt and Road Joint Encouragement of the Initiative in a large geography, which Establishment of “Silk Way Economic covers South-East Asia, Africa and Belt” during President Ilham Aliyev’s Eastern Europe. state visit to China in 2015. He noted that the successful transport Azerbaijan expects "energy boost" projects such as Baku-Tbilisi-Kars, due to new renewable sources South-North, Alat International Sea Trade Port implemented by In 2018, electricity produced from Azerbaijan have considerably renewable sources contributed to the One Road, One Belt will exceed 10 initiative. percent of the total energy generated in The conference, which was hosted for Azerbaijan, the the first time, featured discussions on Deputy Chairman a wide range of topics, including of The State Agency on Alternative encouragement of investments in the and Renewable Energy Sources of the field of energy and unimpeded energy Republic of Azerbaijan Jamil Malikov trade. said. At the end of the conference, a Joint It is forecasted that this figure will Ministerial Declaration on Building reach 12 percent by 2020, and by the Belt and Road Energy Partnership 2030 it should reach 20 percent, was signed. The document Malikov said. emphasized that the Belt and Road Initiative will provide new "This requires investment, appropriate opportunities for the international regulatory framework and an optimal cooperation as an open and inclusive tariff policy. In 2017, the volume of platform. By signing the Declaration, electricity produced from renewable the signatory countries have also sources amounted to 9.8 percent of the total energy production. In alternative 3 Economic news bulletin No 28, October 2018 energy, the energy losses are very 6,000 tons of tobacco in 2018, of small, since production facilities are which 3,000 tons will account for located in close proximity to the end Azertutun. Lands sown under tobacco user," Malikov said. reached 2,387 hectares this year. Tobacco is stored in the storage point Malikov stressed that, in the in Balakan region," Nabizade added. production of energy from renewable The state aims at the rational usage of sources, high-voltage lines are not the potential of this industry and used and when high-voltage lines are increase of its competitiveness. used, it is necessary to transform the voltage from high to low. Azerbaijani President Ilham Aliyev signed a decree approving the "State According to him, in 2018, the share Program for the Development of of renewable energy will be higher Tobacco Growing in Azerbaijan for than it was in 2017, and the 2017-2021" on August 10, 2017. prerequisite for this is that one large 50 megawatt wind farm "Yeni According to the order, the State Yashma" and two small stations have Program is aimed at the development been put into operation in the country. of tobacco growing, deepening the "We hope that in the current year the sphere of tobacco processing, share of renewable energy sources in increasing profitability and export the total electricity generation will potential as well as increasing exceed the ten percent level," the employment of the rural population. deputy chairman said. The state program takes into account all the necessary factors for the Agriculture development of this industry - control over the quality of seeds, Azerbaijan's big tobacco producer phytosanitary. This shows that the announces production plans state aims to create all conditions and provide targeted support for the Azertutun Ltd, part of the Azerbaijan development of tobacco growing. Industrial Corporation Currently, the country eyes to (AIC), minimize the import of tobacco intends to products. To this end, the produce manufacturer of tobacco products 3,000 tons of Tabaterra will build a factory of tobacco in 2018, AIC Director tobacco products in the Sumgayit General Kamran Nabizade said. Chemical Industrial Park. Taking into "Azerbaijan plans to produce a total of account the market demand, the 4 Economic news bulletin No 28, October 2018 factory, capable of producing 10 are the same. Hazelnut production billion cigarettes, is able to fully meet plays a significant role in the economy the country’s demand for tobacco of the northern regions. There are products. 8,218 hectares of hazelnuts garden in Khachmaz region, and 3,912 hectares For the first five months of the year, of these are harvested. 1,275 billion cigarettes were produced in the country. In the reporting period, Last year, hazelnut trees were planted the country produced more cigarettes in Azerbaijan on area of 18,000 than during the entire 2017, when hectares. Thus, the total area of 1.241 billion cigarettes were produced. hazelnut gardens in Azerbaijan has
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