In the first half of this Azerbaijan purchased 590 units of foreign buses, which cost from $ 147.9 million (without customs duties and taxes.) Basically buses were purchased German production. According to the State Statistics Committee, 268 buses total customs value of $ 70.9 million were ordered in Germany. One bus cost an average of $ 264.800. The most expensive are buses in Switzerland - $ 480,212 per unit. From this country have been purchased only five buses. This year France was produced for export to Azerbaijan 192 buses brand İVECO cost $ 317,426 per unit. From the Czech Republic to Azerbaijan were delivered 30 buses, which cost an average of $ 265,466.
In the first half of this year buses were purchased in Russia (11 units, the total cost - $441,000), Turkey ($ 46, $ 2. 925.000), and Korea (32, $ 2.154 thousand.)
The government officially reported that it purchased from the state budget does not less than İVECO 304 buses to serve athletes and accompanying persons in the framework of the first European Games in Baku, which took place on 12-28 th June 2015. 08B
Economics
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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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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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