In January and February the Azerbaijani economy was invested 811 million 18.1 thousand manat foreign investment from private companies and international financial institutions (31% by March 1 of last year).
According to the State Statistics Committee, by tradition leaders are companies from the UK - they have invested 304 million 573.5 thousand manat or 37.5% of total investment (up 2.2 times). The second and third places are investment companies from Norway - 137 million 439 thousand manat (+ 50.8%) and Turkey - 96 million 480 thousand manat (48.6%). The rest of the investment came from companies of other countries.
Among the international organizations in the reporting period, the World Bank invested 31 million 747.5 thousand manat (+ 52.2%), Asian Development Bank - 8 million 753.7 thousand manat (minus 48.23%). --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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