Azerbaijan recovers from economic impacts of pandemic - President Aliyev

Asia's Tech News Daily

According to Azerbaijani President, the economy has grown by some five percent, the non-oil sector of industry has grown by 20%

BAKU, October 17. /TASS/. Azerbaijan’s economy has recovered from the pandemic-induced crisis, Azerbaijani President Ilham Aliyev said on Sunday.

“Today, Azerbaijan’s economy has recovered from the pandemic crisis. The indices of the nine months of 2021 are positive: the economy has grown by some five percent, the industry has grown. The non-oil sector has grown by 20%,” AzerTac news agency quoted him as saying.

According to Azerbaijan’s State Statistics Committee, the country’s GDP stood at 62.88 billion manats (around 37 billion US dollars) in January-September 2021, being up by 4.8% on the beginning of the year. The oil sector grew by 1.4%, while the non-oil sector went up by 6.2% on the year beginning.

According to official forecasts, the GDP growth is expected to reach five percent by the yearend.

In 2020, Azerbaijan’s economy decreased by 4.3%, to 72.43 billion manats (42.6 billion US dollars). The slump was provoked by the coronavirus pandemic and lockdowns, and by oil production cuts under the OPEC+ deal.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Indian economy in better shape than a year ago, says Pinaki Chakraborty

Representative image India’s macroeconomic situation is certainly better than what it was a year ago, eminent economist Pinaki Chakraborty said on Monday, while expressing hope that the country will be ... Read more »

Confidence in industry entrepreneurs to new record level

Photo: ANP Confidence among Dutch entrepreneurs in manufacturing increased further in November to its highest level ever. The entrepreneurs are particularly positive about their order book and stocks, according to ... Read more »

ComfortDelGro to start construction logistics business in China

SINGAPORE (THE BUSINESS TIMES) – Taxi operator ComfortDelGro on Monday (Nov 29) said it has entered into a joint venture (JV) to start a transportation business delivering concrete in China. ... Read more »

71,307 projects registered under RERA; 78,903 cases disposed so far

In over four years since RERA was fully notified, 71,307 projects have been registered under it across the country as of November 2021. Maharashtra, Gujarat and Karnataka lead in project ... Read more »

SEBI Chairman Ajay Tyagi on insider trading, mutual funds and first-time investors

SEBI Chairman Ajay Tyagi Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi has heralded a multitude of reforms for the market during his over-four-year stint. In addition to ... Read more »

(LEAD) Samsung Electronics revamps human resources system to nurture talent, flexible corporate culture

(ATTN: UPDATES with more details in paras 3, 6, 8, 13; ADDS photo)By Woo Jae-yeon SEOUL, Nov. 29 (Yonhap) — Samsung Electronics Co. said Monday it has overhauled its employee ... Read more »

Air travel in India is on the cusp of normalcy; will Omicron change that?

Representative Image: AP It has been 18 months since the restart of scheduled civil aviation in India following a two-month hiatus in 2020. International flights, however, are still operating selectively. ... Read more »

Covid course — Look ahead, don't look back

A frisson of fear is gripping the globe following the detection of a new strain of coronavirus, as nations across continents scramble to ring-fence themselves against a fresh spurt in ... Read more »

China's Twitter-like Weibo plans $547m Hong Kong listing

Weibo, which launched in 2009 and is among the earliest social media platforms in China, said it had 566 million monthly active users as of June BEIJING: US-listed Chinese microblogging ... Read more »

Asian stocks fall further after new virus variant spreads

The Associated PressA man walks past an electronic stock board of a securities firm in Tokyo, Monday, Nov. 29, 2021. Asian stock markets fell further Monday after the omicron variant ... Read more »

Indian rupee sees high volatility as worries resurfaced around new COVID strain

Representative image The rupee started on a choppy note on Monday as investors turned cautious tracking heavy selling in domestic equities and worries over a new variant of COVID-19. At ... Read more »

North East has the potential to become adventure tourism capital of India: ATOAI

Illustration by Suneesh K. The North East region has the potential to become the adventure tourism capital of the country, said a top official of Adventure and Tour Operators Association ... Read more »

Do Tesla employees make more than their other EV industry counterparts?

California-based EV maker and clean-energy company Tesla has, for a long time, been known for its comprehensive employee benefits. Headed by Elon Musk, Tesla offers stock options as a part ... Read more »

Tarsons Products tumbles 8% after robust debut; experts advise 'hold'

Tarsons Products Tarsons Products suffered over 8 percent intraday decline on November 29 on the back of a rush to book profit. The stock traded at Rs 765.55, down Rs 74.45, ... Read more »

MC Interview | Star Health IPO looks quite expensive, short-term investors unlikely to make quick return, says Abhay Agarwal of Piper Serica

Abhay Agarwal, founder and fund manager of Piper Serica Advisors, says the valuation of the Star Health and Allied Insurance Company initial public offering is quite expensive considering the current ... Read more »

Visa's Amazon spat shows power is shifting to retailers in fee battle Inc’s latest spat with Visa  shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s ... Read more »

RIL share price rises 3% after Jio increases prepaid mobile tariff rates by 20%

Reliance Industries (RIL) share price rose over 3 percent intraday to Rs 2,497.90 on November 29 after its telecom arm increased the prepaid mobile tariff rates by 20 percent. The ... Read more »

Economists wargame how Omicron will impact global recovery

The omicron variant is dealing a blow to optimistic hopes that the world economy would enter 2022 on a firmer footing, potentially undermining plans by policy makers to focus on ... Read more »

WHO says delta variant still the priority despite growing worries over new omicron Covid strain

While the new omicron Covid strain has countries on high alert, the World Health Organization says most of the current infections are still due to the delta variant. “Over 99% ... Read more »

Countries where Omicron has been found so far

A medical staff member prepares the Pfizer COVID-19 vaccine at Tudor Ranch in Mecca, Calif., on Jan. 21, 2021. In a statement Sunday, Nov. 28, 2021, California’s public health officer, ... Read more »

PNB Housing jumps 5% as Baring Asia likely offered to buy Carlyle's stake

Shares of PNB Housing Finance on November 29 jumped 5% higher to Rs 524.75 after Moneycontrol exclusively reported that Baring Asia has offered to buy Carlyle’s stake in PNB Housing ... Read more »

Paytm shares slip as company's operational loss widens in Q2 FY22

Representative image Shares of Paytm on November 29 slipped over 3 percent at open before recouping most losses and trading marginally lower at Rs 1,780 on the BSE. On November ... Read more »

TMC to expand political base across Northeast ahead of 2024 Lok Sabha polls: Mukul Sangma

Representational picture Meghalaya TMC leader Mukul Sangma said that Mamata Banerjee’s party is looking forward to expanding its political base across the Northeast ahead of the 2024 Lok Sabha elections. ... Read more »

Banking Central| Kotak & Hindujas all smiles with new RBI guidelines on promoters' stake

Uday Kotak The Reserve Bank of India (RBI) last week reviewed the rules of promoter stake in private sector banks based on a panel recommendation. The central bank accepted 21 ... Read more »

Oil rebounds on speculation OPEC+ may pause output increase

The US government has been unable to persuade OPEC+ to pump more oil, with major producers arguing the world was not short of crude. (Representative image) Oil prices rebounded on ... Read more »

New Zealand to ease COVID measures this week despite Omicron threat: PM Jacinda Ardern

New Zealand Prime Minister Jacinda Ardern said on Monday the country will move into a system of living with the COVID-19 virus later this week despite the new Omicron variant ... Read more »

S. Korea's female population rises 1.1 pct over 5 years

SEOUL, Sept. 29 (Yonhap) — South Korea’s female population expanded slightly over 1 percent over the past five years to surpass the 25 million mark in 2020, census data showed ... Read more »

Coronavirus Update | India reports 8,309 new COVID-19 cases; active cases decline to 1,03,859

Raian Karanjawala feels that post COVID-19, will be an amalgamation of touchy-feely kind of litigation and the new smart work, ‘Zoom call habit’ that has now come into practice. (Image ... Read more »

Covid 19 Delta outbreak: Mixed reactions from businesses on Government's new financial support

Auckland businesses have had a mixed reaction to the city moving to the red phase of the new Covid-19 protection framework, also known as the Traffic Light System, with some ... Read more »

Adani Ports share price falls nearly 5% as MSCI drops it from climate Change indices

Representative image Adani Ports and Special Economic Zone share price fell nearly 5 percent in the early trade on November 29 after Morgan Stanley Capital International (MSCI) dropped the company ... Read more »

Lok Sabha Speaker Om Birla hopes House will run smoothly in Winter Session of Parliament

BJP Lok Sabha MP from Kota, Rajasthan, Om Birla Ahead of the start of the Winter Session of Parliament, Lok Sabha Speaker Om Birla on Monday said there are many ... Read more »

Artificial intelligence may not actually be the solution for stopping the spread of fake news

Representative Image. Disinformation has been used in warfare and military strategy over time. But it is undeniably being intensified by the use of smart technologies and social media. This is ... Read more »

China could double down on its zero-Covid approach amid concerns about omicron, analysts say

Volunteers in protective suits handle garbage outside an apartment building at College of Arts and Information Engineering of Dalian Polytechnic University in university town of Zhuanghe on November 15, 2021 ... Read more »

Gold Prices Today: New virus strain may keep yellow metal volatile this week

Gold, yellow metal Chrysus, the Greek god of gold, beamed on Monday as the fifteenth letter of his alphabet joined the pandemic lexicon, stoking fears of a more potent omicron ... Read more »

Japan to bar new foreign arrivals over virus variant

TOKYO: Japan will reinstate tough border measures, barring all new foreign arrivals over the Omicron Covid variant, Prime Minister Fumio Kishida announced on Monday, just weeks after a softening of ... Read more »

Samsung Electronics revamps human resources system to nurture talent, flexible corporate culture

By Woo Jae-yeon SEOUL, Nov. 29 (Yonhap) — Samsung Electronics Co. said Monday it has overhauled its employee evaluation and position system to spot and nurture talent and improve productivity ... Read more »

Novak Djokovic likely to skip Australian Open over vaccine mandate

File image of Novak Djokovic (AP Photo/Kirsty Wigglesworth) Novak Djokovic is unlikely to play at the Australian Open if rules on COVID-19 vaccinations are not relaxed, the world number one’s ... Read more »

Jefferies picks India stocks that have room to run — says one may have a 40% upside

A pedestrian speaks on a mobile phone as he looks at share prices on a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on November 10, 2020.PUNIT PARANJPE ... Read more »

Daily Voice | Bull market intact, counter Bear-market trend not a possibility, says Harendra Kumar of Elara Securities

The equity market corrected more than 8 percent last week from its record highs and after a sustained bull run. Indian investors lost Rs 7 lakh crore of their wealth ... Read more »

Omicron virus: 5 medical experts weigh in on the South African COVID-19 variant

The arrival of a new virus in these troubled days has set the cat amongst the pigeons. That is precisely what happened this past week, when a heavily mutated COVID-19 ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic