The Ministry of Economy has made a list of international exhibitions, in which the personal participation of Azerbaijani companies will be financed from the state budget.
The first exhibition will be held from November 29 to December 1 in Paris (Ni - Natural Ingredients), Frankfurt (Hi Europe & Ni), Tel Aviv (IsraFood) and Menope (Dubai), and include the food industry.
In total in 2016-2017 exporters were able to take part in 250 international exhibitions. These exhibitions will be held in Georgia, China, Iraq, Kuwait, India, Oman, Pakistan, Russia, Turkey, the United States, in many countries in Europe, etc. The government will support the participation of companies working in the field of mechanical engineering, textile, IT, electrical industry, paint industry, medicinal plants, cosmetics, etc. ------08D
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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