Till mid-summer the airline "WizzAir" will launch regular direct flights from Budapest to Baku, Deputy Minister of Economic Development Niyazi Safarov, the Director of the Hungarian airline "WizzAir".
The meeting was attended by the ambassadors of the two countries accredited in Baku and Budapest, it was noted that an agreement on the opening of the flight was reached during the October 2012 3rd meeting of the bilateral intergovernmental commission on economic cooperation. All the necessary documents have been agreed.
Niyazi Safarov said that the opening of air lines will expand cultural, humanitarian, and economic and trade cooperation between the two friendly countries.
According to the State Customs Committee of Azerbaijan, in 2012, Hungary imported goods worth a total of $ 23.7 million, by 35.5% less than the previous year. Exports of goods in the opposite direction in the last two years was little - in the range of $ 50 million. --08D--
Economics
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The Azerbaijan Caspian Shipping Company (ASCO) announced the commissioning of its newly built vessel, "Bergyushadchay", on November 28. Constructed at the Zykh Ship Repair and Construction Yard, the vessel is now part of ASCO's Caspian Sea Oil Fleet as an auxiliary ship, according to the company's statement.
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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