Capital of British origin has intensified in Azerbaijan. In the first quarter companies from this country were the leaders of foreign investment in the local economy with 490 million 16.1 thousand manat (33.5% of the total with an increase of 2.3 times compared to the same period last year). Traditionally, in the second place was Norway (216 million 179 thousand manat or + 29.2%) followed by Turkey - 185 million 682.8 thousand manat (+ 66%).
In general, by April 1, foreign investments in Azerbaijan's economy amounted to 1 billion 464,480,000 manat (+ 44.1%). --17D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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