Baku/25.04.20/Turan: Daily losses of the country's economy reach 120-150 million manat, Economy Minister Mikayil Jabbarov said on April 25 at a briefing by the Operational Headquarters of the Cabinet of Ministers of Azerbaijan. As a result of downtime, even large enterprises can face problems, he noted.
From April 27, Azerbaijan will begin to partially mitigate the quarantine regime. However, the Coronavirus threat will affect the situation for a long time, said Jabbarov,
He did not rule out that with the re-introduction of quarantine measures, the loss of entrepreneurs will be more widespread, including bankruptcy.
The Minister promised state support to entrepreneurs in April and May in the form of credit and tax breaks.
In turn, Deputy Minister of Economy Sahib Alekperov said that for the payment of unemployment benefits of 190 manat, the presence of a taxpayer identification code (TIN) does not matter. According to him, cases of refusal on this basis can be considered in the case of citizens’ applications. -0-
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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