In 2014, consumer expenses per capita in Azerbaijan amounted to 234.9 manat, which is by 6.1% more than in the previous year. Compared with 2008 (114.6 manat), consumer costs increased 2-fold These figures were revealed in a study of households.
Specific weight of food (95.7 manats) in consumer spending last year amounted to 40.7%. In addition, the population spent on the purchase of cigarettes and alcoholic beverages 3.7 manats per month.
Utility costs (electricity, heat, gas, water, fuel) per capita, compared with 2008 increased by 2 times, and amounted in 2014 to average 17.3 manat per month.
Spending on health and education, compared with 2008 increased three times and reached in 2014, respectively 11.5 and 4.6 manats per month.
In 2014, the citizens spend on leisure and cultural activities 10.3 manats a month, by twice more for hotel services, catering. According to the State Statistics Committee, the cost of leisure compared to 2008 increased by 3.6 times, payment of hotel accommodation and catering – by 2.8 times. --08D--
Economics
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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In its latest Transition Report covering 2024–2025, the European Bank for Reconstruction and Development (EBRD) highly praised Azerbaijan's efforts in digital transformation and cybersecurity. The Bank noted that investments in digital networks have led to significant infrastructure improvements, including a one-third increase in internet speed over the past year.
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