Baku Business Center on April 19 is to host the Azerbaijani-Macedonian business meeting to mark the visit to Baku of the Prime Minister of the Former Yugoslav Republic of Macedonia Nikola Gruevski, told Turan in the Fund to promote exports and investment in Azerbaijan (AZPROMO) .
During the meeting, the Macedonian side will present the Azerbaijani government and the private sector, information on opportunities for business and investment in the country.
Trade turnover between Baku and Skopje is negligible. Last year it was only $ 416 million, with only the expense of imports from Macedonia. This year, the pace of trade between the two countries remains the same. - 08D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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