The Central Bank of Azerbaijan (CBA) published a review of the monetary policy in January-June this year. According to official figures, at least half of the consumer spending (49.5%) in the retail trade network is spent on the purchase of food products, beverages and tobacco products - 117.8 manat in this area of expenditure for each user. The remaining 50.5% are the purchase of "other non-food products" (18.75), clothing and footwear (17.8%), automotive fuel (6.5%), electrical appliances and furniture (5.5%), drugs and other pharmaceutical products (1.2%), computers and other ICT equipment (0.8%), and other industrial products. Each user spends on nonfoods in average 121.6 manat. Experts believe that after the two-fold devaluation of the manat last year most of consumers, especially people with small income, use the personal and family budget for food. Practice shows that in the conditions of uncertainty in the future people stop buying "extra" things, favoring food. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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