Life is expensive, the minimum consumer basket per worker Azerbaijanis as of January 1, was worth 172.48 manats (AZN 3.5 higher than a month earlier.) To pensioners it costs 154.64, and children under 14 pay 209.94 manat.
The alternative report by experts of the Center for Economic Research says able-bodied citizens spend 106.97 AZN, pensioners - 94.21 AZN, and children - 116.15 manat on food.
Non-food products respectively demands 39.98 manat, 37.82 manat and 76.06 manat costs. Spent on services is 25.48 manat, 22.61 manat and 17.73 manat respectively. Calculations wre made on the basis of the methodology the Cabinet of Ministers of Azerbaijan on 30 April 2009.
Recall that under the law of Azerbaijan "On the cost of living in the Republic of Azerbaijan in 2012," the average cost of living is defined in AZN 108, including AZN for working-age population, AZN 84 for pensioners and AZN 87 for children. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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