Azerbaijan's Economy 35 Years After Independence Restoration
Thirty-five years after restoring independence, Azerbaijan's economy has more than tripled in real terms. Official data reveal how investmen...
One of the region’s largest innovation events, “Baku ID-2025”, has officially kicked off in Baku. Organized by SABAH.HUB in partnership with government agencies and leading representatives of the private sector, this year’s festival is held under the theme “The Regional Nexus”.
The event, hosted at Jolly Joker Baku and the Stone Chronicle Museum, focuses on fostering technological and innovative cooperation across the Caucasus, Central Asia, the Middle East, and North Africa.
In his opening speech, Rahim Bayramli, CEO of SABAH.HUB, announced that Azerbaijan is entering a new phase in its innovation agenda. He revealed that construction has already begun on the “SABAH.city” project, a modern hub set to host the Baku ID-2026 edition next year. According to Bayramli, this initiative will further accelerate the region’s technological development and solidify Azerbaijan’s position as a major innovation center.
Board Member Farhad Pashayev also addressed the audience, emphasizing the importance of the festival in shaping the national innovation landscape.
Key panel discussions at the event covered topics such as artificial intelligence, new skill sets, and the future of the workforce. Fariz Jafarov, head of the Center for Analysis and Coordination of the Fourth Industrial Revolution (4SIM) under the Ministry of Economy of the Republic of Azerbaijan, outlined the center’s mission and its global partnerships. He noted that 4SIM is one of 22 centers within the World Economic Forum’s global 4IR network, playing a vital role in shaping future technologies and public policy. The center also supports initiatives for human capital development by organizing training in areas such as technology literacy and presentation skills.
One of the most anticipated parts of the “Baku ID-2025” festival is its startup competitions. These contests showcase the region’s most promising and innovative projects, offering young entrepreneurs vital opportunities to connect with global investors and bring their ideas to life. The festival hosts more than 32 local and international investors, over 75 startups, 4,000+ participants, and more than 21 partners.
The event is held in partnership with the Ministry of Science and Education, SOCAR, PASHA Holding, and 4SIM. With such strong institutional support, Baku ID is quickly evolving from a regional gathering into a globally recognized innovation platform. The festival also opens valuable doors for talented students and young professionals.
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What started out as planned protests against the cost of living, declining public services and education funding in France, quickly devolved into violent riots across the country on Saturday.
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