Cigarettes Rise by 20-40 Gapiks
On this day in Azerbaijan cigarettes have become 25-30% more expensive.
The monitoring of shops in Baku shows that this is the second wave of price hike last week. Since August 29, the prices of tobacco products increased by 10-20%. On September 5 there was another rise in prices.
For example, the LD cigarettes, which cost AZN 2.60 a week ago, are sold for AZN 2.80 today.
Various modifications to these same cigarettes (packs of different colors) have risen by 20-30 gapiks.
The prices have risen in the same way for the brands Winchester, West, Kent, and Sobranie. The latter type of cigarettes has risen in price most of all – by 40 gapiks.
Sellers attribute the price increase to the rise in the wholesale prices. Experts believe the rise in prices is associated with the increase in the USD rate, which necessarily entails a rise in price for all imported goods. Therefore, we should also expect a rise in prices for many other imports. -05B-
Economics
-
According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
-
Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
-
Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
-
Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
Leave a review