40% of Restaurants and Cafes of Azerbaijan Concentrated in Baku
The number of subjects providing catering services in Azerbaijan in 2014 increased by 25.4% to 13 850. However, about 40% (5 458) of the cafes and restaurants in the country are concentrated in Baku, the State Statistics Committee told Turan.
Last year 1,375 new business entities, whose main activity is catering, appeared in Baku. Thus, for the year the number of cafes and restaurants increased by at least 33%. For comparison, in the Nakhchivan Autonomous Republic statistics have not changed. The NAR has only 762 catering facilities. The NAR, where according to local residents, economic freedom is restricted, since 2007 only 127 new cafes and restaurants have opened. In Baku over this period at least 2,300 public catering facilities were built.
The total one-time capacity of catering facilities in the country at the beginning of 2015 was more than 0.5 million people. This is 32.9% more than in 2013. Baku accounted for 56.3% (283.8 thousand) of the seats.
According to the State Statistics Committee, in 2014 the revenue disclosed at the catering facilities was close to 1 billion manats, increasing by 156 million manats or 19.5%. The cash turnover of food establishments in Baku totaled 627 million manats, 25.7% more than in 2013.
It should be noted that in Azerbaijan people usually do not request a cashier's check in eating places. At the request of the bill, the waiter usually gives a bill written on paper. Therefore, experts suggest at least double the figure should be made public. At the same time the official turnover of the sector increased by 9 times since 2007. ---- 08B
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
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.
Leave a review