Economics
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Azerbaijan’s state budget revenues reached AZN 34.06 billion ($20 billion) in January-November 2024, marking a 14.9% year-on-year increase, according to data released by the State Statistics Committee.
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Azerbaijan's nominal incomes rose by 6.3% year-on-year to 74.67 billion manats ($43.9 billion) in the first 11 months of this year, underscoring steady economic growth and improving household earnings, according to data released by the State Statistics Committee.
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The cost of preparing a traditional New Year's feast in Azerbaijan will rise by 6% this year, reflecting broader inflationary trends in food prices, according to monitoring conducted by the Turan agency. The analysis, based on a consumer basket of 30 essential food items, underscores notable price increases for vegetables, meats, and dairy products over the past year.
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On December 17, 2024, the Head of the Republic of Tatarstan of the Russian Federation, Rustam Minnikhanov, visited the Alat Free Economic Zone (FEZ) in Azerbaijan at a time when bilateral cooperation in industrial and transport development is growing.
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