Azerbaijan’s Population Sees 6.3% Growth in Nominal Incomes

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.

The Ministry of Energy of Azerbaijan has approved its 2025 work plan following a meeting held in hybrid format under the chairmanship of Minister Parviz Shahbazov. The session, which reviewed 2024’s achievements, underscored Azerbaijan’s growing role in the global energy sector and its domestic advancements in renewable energy.

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.

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.