Ex­change of­fices to con­trib­ute to tourism devel­op­ment

Azer News - - Business - By Sara Is­rafil­bay­ova By Amina Nazarli

The Skolkovo Foun­da­tion aims at reg­u­lar fruit­ful co­op­er­a­tion with Azerbaijan and is ready to pro­mote the devel­op­ment of en­tre­pre­neur­ial ac­tiv­ity in the field of in­for­ma­tion tech­nolo­gies.

Pekka Vil­jakainen, ad­viser to the Pres­i­dent on work with start-ups, said that the Foun­da­tion's goal is to open the way and pro­vide op­por­tu­ni­ties for young en­trepreneursstart-up­pers will­ing to par­tic­i­pate in the con­test by pro­vid­ing them with the nec­es­sary sup­port through the Fund.

Vil­jakainen said that he hopes the co­op­er­a­tion of the Skolkovo Foun­da­tion with Azerbaijan will con­tinue on a reg­u­lar ba­sis.

In turn, the Head of the Depart­ment for In­ter­nal Con­trol and Au­dit of the Min­istry of Trans­port, Com­mu­ni­ca­tions and High Tech­nolo­gies of Azerbaijan Tahir Mam­madov added that the Skolkovo Foun­da­tion has ex­ten­sive ex­pe­ri­ence in this field, which it shares with its Azer­bai­jani coun­ter­parts.

The Di­rec­tor Gen­eral of Skolkovo Technopark Re­nat Baty­rov said that per­spec­tive start-up projects of Azerbaijan will be able to use the re­sources of Skolkovo Technopark lab­o­ra­to­ries for car­ry­ing out their re­search.

"Start-ups can get ac­cess to our grant sup­port - up to 300 mil­lion rubles, and th­ese funds are al­lo­cated for free, and we do not claim in­tel­lec­tual prop­erty," noted Baty­rov.There are 14 lab­o­ra­to­ries in Technopark, the re­sources of which can be used for re­search in the field of IT, agri­cul­ture, en­ergy-ef­fi­cient tech­nolo­gies, tech­nolo­gies in the field of in­dus­trial ma­te­ri­als, biomedicine, space tech­nolo­gies and etc.

Then-Pres­i­dent Dmitry Medvedev signed a law “On the Skolkovo In­no­va­tion Cen­ter” on 28 Septem­ber 2010, giv­ing rise to the project’s man­ag­ing entity, the not­for-profit Skolkovo Foun­da­tion.

Charged with pro­vid­ing the cat­a­lyst for the di­ver­si­fi­ca­tion of the Rus­sian econ­omy, the Skolkovo Foun­da­tion’s over­ar­ch­ing goal is to cre­ate a sus­tain­able ecosys­tem of en­trepreneur­ship and in­no­va­tion, en­gen­der­ing a startup cul­ture and en­cour­ag­ing ven­ture cap­i­tal­ism.

The Skolkovo Foun­da­tion iden­ti­fied five key ar­eas of po­ten­tial growth: en­ergy ef­fi­ciency, strate­gic com­puter tech­nolo­gies, biomedicine, nu­clear tech­nolo­gies and space tech­nolo­gies.

To achieve this the Foun­da­tion is over­see­ing the cre­ation of the Skolkovo In­no­va­tion Cen­ter, com­posed of com­pa­nies and star­tups, de­vel­op­ing in­no­va­tive tech­nolo­gies (cur­rently num­ber­ing over 1,000), a Technopark, the Skolkovo In­sti­tute of Tech­nol­ogy (Skoltech), a new grad­u­ate re­search Univer­sity es­tab­lished in col­lab­o­ra­tion with the Mas­sachusetts In­sti­tute of Tech­nol­ogy, and Skolkovo city, lo­cated near Moscow. To­gether th­ese en­ti­ties will es­tab­lish a vi­brant ecosys­tem of tech­nol­ogy in­no­va­tion and en­trepreneur­ship.

Dozens of in­no­va­tive projects de­vel­oped by Skolkovo star­tups have found suc­cess in in­ter­na­tional mar­kets, in par­tic­u­lar, equip­ment for the dy­namic mod­el­ing of oil and gas fields, next-gen­er­a­tion screen dis­plays and laser sys­tems for soft­tis­sue surgery.

In Au­gust 2013, the Skolkovo project was cho­sen for in­clu­sion in the gov­ern­ment’s “eco­nomic devel­op­ment and in­no­va­tion econ­omy” pro­gram, re­sult­ing in the al­lo­ca­tion of 3.5 bil­lion rubles for the devel­op­ment of Skolkovo through 2020.

Ac­tiv­ity of the cur­rency ex­change of­fices out­side banks maybe re­sumed in Azerbaijan, as the Par­lia­ment will con­sider the cor­re­spond­ing amend­ments to the "Law on Cur­rency Reg­u­la­tion".

Since Jan­uary 2016, the cur­rency ex­change of­fices can op­er­ate only in banks and post of­fices. If amend­ments are adopted, the cur­rency ex­change points will be opened not only by res­i­dents of Azerbaijan, but also by for­eign com­pa­nies in their branches in the coun­try.

Tahir Mirk­ishili, a mem­ber of the Par­lia­men­tary Com­mit­tee for Eco­nomic Pol­icy, In­dus­try and Busi­ness said that the rea­son for re­sum­ing the ac­tiv­ity of the cur­rency ex­change of­fices is linked with the restora­tion of macroe­co­nomic sta­bil­ity in the coun­try.

“Ear­lier some ex­change points were en­gaged in il­le­gal ac­tiv­i­ties, spec­u­la­tions. Such cases neg­a­tively af­fected the macroe­co­nomic sta­bil­ity in the coun­try. How­ever, cur­rently, the coun­try is restor­ing its eco­nomic sta­bil­ity,” he told Qafqaz­info. Mirk­ishili named the hold­ing of high0-level in­ter­na­tional even­ers in the coun­try as an­other rea­son for this.

“Azerbaijan ex­pects big tourists flow. There is a need to cre­ate con­di­tions so they can quickly change their cur­rency,” he said.

Zakir Nuriyev, Chair­man of As­so­ci­a­tion of Azer­bai­jani Banks said that the re­sump­tion of the work of cur­rency ex­change points will con­trib­ute to the devel­op­ment of tourism and fi­nan­cial mar­kets in Azerbaijan.

"Azerbaijan im­ple­ments spe­cial pro­grams for the devel­op­ment of tourism and fi­nan­cial mar­kets. For their suc­cess­ful im­ple­men­ta­tion, it is nec­es­sary to cre­ate all nec­es­sary in­fra­struc­tures and its ef­fec­tive work. From this point of view, the new bill can con­trib­ute to it ," Nuriyev said.

"Those who wish to open cur­rency ex­change points will have to im­ple­ment spe­cial re­quire­ments for the for­ma­tion of cap­i­tal. They will also need to place a de­posit in the bank," the chair­man of the as­so­ci­a­tion added.

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