
Azerbaijani Economy Loses 120-150 Million Manat Daily - Mikayil Jabbarov
Baku/25.04.20/Turan: Daily losses of the country's economy reach 120-150 million manat, Economy Minister Mikayil Jabbarov said on April 25 at a briefing by the Operational Headquarters of the Cabinet of Ministers of Azerbaijan. As a result of downtime, even large enterprises can face problems, he noted.
From April 27, Azerbaijan will begin to partially mitigate the quarantine regime. However, the Coronavirus threat will affect the situation for a long time, said Jabbarov,
He did not rule out that with the re-introduction of quarantine measures, the loss of entrepreneurs will be more widespread, including bankruptcy.
The Minister promised state support to entrepreneurs in April and May in the form of credit and tax breaks.
In turn, Deputy Minister of Economy Sahib Alekperov said that for the payment of unemployment benefits of 190 manat, the presence of a taxpayer identification code (TIN) does not matter. According to him, cases of refusal on this basis can be considered in the case of citizens’ applications. -0-
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review