Limited Liability Company Azerbaijan Coca-Cola Bottlers from 24 January 2015 will raise retail prices for certain products. As the company said, the recommended retail price for the beverages Cappy and Fusetea in 0.5-liter plastic bottles will rise to 0.7 manat from the current 0.6 manat, while the price for the energy drink Burn in 0.5-liter plastic bottles will rise to 2.1 AZN from 1.9 AZN.
The recommended selling price of the water Bonaqua (with gas and without gas) in 0.5-liter plastic bottloes will rise to 0.25 AZN from 0.2 AZN, the price for 2-liter bottles will rise to 0.6 manat from 0.5 manat, and the price of 5-liter plastic bottles will rise to AZN 1.3 from AZN 1.1. --17D-
Economics
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The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
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Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
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Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
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The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
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