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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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