Two new electronic services have appeared on the portal ehdis.az.
According to the official page of the Ministry of Economic Development (http://ehdis.az/infoportal/dispatcher?page=cats&actp=mp0&fk_pr=0bh1kos0gq1002&lang=az), now users will be able to handle and prepare documents for the issuance of license verification codes enterprises engaged in the production and processing of food products intended for export to the European Union.
In addition, the electronic form will be subject to administrative penalties and payment of financial penalties. Now on the said electronic page there are 7 services. - 17D-
Economics
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Azerbaijan's Consumer Price Index (CPI) in December 2024 marked a year-on-year increase of 4.9%, with food and beverage inflation leading the surge, according to data from the State Statistics Committee. The overall CPI stood at 104.9%, driven by a 5.5% rise in food products, beverages, and tobacco, 2.4% in non-food products, and a sharp 6.3% hike in paid services provided to the population.
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In 2024, Azerbaijan produced 29.1 million tonnes of oil together with condensate, down from 30.2 million tonnes in 2023, according to preliminary information published by the country’s Ministry of Energy.
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Azerbaijan’s inflation rate in 2024 remained relatively stable, averaging 2.2% for the year, according to data from the State Statistics Committee. While this marks a period of subdued price growth compared to global trends, the numbers reveal nuanced dynamics across sectors and reflect both domestic policy measures and external influences.
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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