Inflation in Azerbaijan from January 1 to July 1 was 1.2% (+3.1% compared with the first half of 2012).
According to the review of the monetary policy for the first half of 2013 the Central Bank of Azerbaijan (http://cbar.az/assets/2916/PSI_2013_Q_2.pdf), the process did not go beyond the limit of the CBA. Average annual inflation in the first half of this year amounted to 2%.
In the first half of the year there was a higher average annual rate of growth in food prices (+3.8%) and services (3.3%). Non-food prices rose by 0.5%.
The Government of Azerbaijan for 2013 predicts an average annual inflation rate of 3.3%. Last year, the official average annual inflation rate was 1.1%. - 17D-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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