According to the quarterly data of the State Statistics Committee of Azerbaijan, the nominal income of the population amounted to 10 billion 303.5 million manat (+ 9% to April 1 of the previous year).
This statistics recognizes that the average annual inflation rate from January to April was at 10.8%. Given the fact that on February 21 and December 21 the Azerbaijani national currency slipped by 100% against the US dollar, the real inflation rate for all types of goods and services amounted to 40%, while the prices of imported goods almost doubled.
Statistics says that by April 1, the nominal income per capita was 1,073 manat (AZN 357.7 a month). According to experts, the method of averaging the income of the population is wrong, because the incomes of oligarchs and low-income people living on social benefits or pensions are equalized. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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