Life is expensive, and the market basket for each Azerbaijani worker as of December 1 is 168.95 manats (AZN 1.5 higher than a month earlier.) For pensioners it costs 151.96 AZN, and children up to 14 years cost the parents 207.30 manat.
The alternative research by the Center for Economic Research said adults spend AZN 103.90 on food, pensioners - AZN 92.67, and children - AZN 113.89 manat.
Non-food products respectively demanded 39.57 manat, 36.68 manat and 75.68 manat of costs. Spent on services were 25.48 manat, 22.61 manat and 17.73 manat respectively. Calculations are made on the basis of the methodology the Cabinet of Ministers of Azerbaijan on 30 April 2009.
Recall that under the law of Azerbaijan "On the cost of living in the Republic of Azerbaijan in 2012," the average cost of living is defined in AZN 108, including 116 for working-age population, for pensioners - AZN 84 and for children - 87 manat. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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