Experts explain the growing expensiveness of beef with the growing wholesale prices. Cattle breeders say the costs of running cattle farms have grown and the transportation has become more difficult.
The experts explain the growing prices of flour with monopolization and the growing prices of imported flour. The prices are likely to grow again.
Many other food prices were presumably increased artificially during the Holy Ramadan month. The expert Vugar Bayramov shares this opinion. `The foods most popular in Ramadan were raised in the prices, which was a deliberate action,` he said. He said the Economic Development Ministry should increase the struggle against the artificial price growth.
The prices will presumably remain stable on the coming days. They might however grow gradually.
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- Markets Review
- 3 September 2010 12:47
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- Economics
- 3 September 2010 13:14
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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