Baku/05.12.13/Turan : In 2012 in Baku closed 224 stores for retail sale of food and non-food items . Traders say it is the result of expansion of supermarket chains, as well as " tax burden " on small business.
In the State Statistics Committee they told Turan that at the beginning of this year in Baku operated 20,095 stores, which is 1.2 % less than in 2011 . The total area of ??commercial facilities increased from 1,651,000 square meters to 1,710,000 sq m (+3.5% ) . Five years ago in Baku operated 17,624 stores with a total area of 1,554,000 sq m. Besides, for 5 years, the number of stalls in the capital has increased from 1,297 to 1,346 units (3.7 %).
Total in 2012 in Azerbaijan there were 59.6 thousand stores with a total area of ??2,959,000 sq m. During the year the number rose by 3.1%. For five years, the number of stores increased by 22.7 %. The area of retail properties increased by the same amount . - 08B
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- Economics
- 5 December 2013 15:46
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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