Dollar Rose on Foreign Exchange Auction
On the foreign exchange auction of the Central Bank of Azerbaijan, the US dollar rose. The auction began with the rate of AZN 1.7622 and finished with AZN 1.7662 per USD dollar.
Commercial banks for the second month refused to sell foreign currency to the population.
In the black market there is usually a dollar buy and sell for 8-10 kopecks higher than the official rate. -71D-
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.
Признают ли в России обстрел самолета AZAL? - беседа с Аркадием Дубновым
News Line
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- Political Monitoring,
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