In January this year the consumer price index at an annual rate in Azerbaijan was positive 0.2%. The rise in prices was mainly due to increase in cost of services, according to the State Statistics Committee.
In January of this year compared with the same month last year, food prices in Azerbaijan fell on average by 0.4%, non-food products rose by 0.2%, and services rendered to the population – by 0.8%.
In Baku and Sumgait consumer inflation on an annualized basis was 0.9%, and in the Absheron region the Statistical Office recorded a price increase of 5.3%. The residents of the Absheron district felt the rise in food prices at 9.4%, while in Baku food products increased by 1.5%. -08D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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