In 2014, consumer expenses per capita in Azerbaijan amounted to 234.9 manat, which is by 6.1% more than in the previous year. Compared with 2008 (114.6 manat), consumer costs increased 2-fold These figures were revealed in a study of households.
Specific weight of food (95.7 manats) in consumer spending last year amounted to 40.7%. In addition, the population spent on the purchase of cigarettes and alcoholic beverages 3.7 manats per month.
Utility costs (electricity, heat, gas, water, fuel) per capita, compared with 2008 increased by 2 times, and amounted in 2014 to average 17.3 manat per month.
Spending on health and education, compared with 2008 increased three times and reached in 2014, respectively 11.5 and 4.6 manats per month.
In 2014, the citizens spend on leisure and cultural activities 10.3 manats a month, by twice more for hotel services, catering. According to the State Statistics Committee, the cost of leisure compared to 2008 increased by 3.6 times, payment of hotel accommodation and catering – by 2.8 times. --08D--
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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