Since 2004, Azerbaijan has implemented the state program on socio-economic development of regions. At a January 30 meeting on the occasion of the third anniversary of execution of the State program of development of regions in 2014-2018 the role of government was highly appreciated. However, independent experts do not share this opinion.
Economist Rovshan Agayev said that more than 80% of the Gross Domestic Product (GDP) is generated in the capital and its surroundings (Sumgait and Absheron region). GDP per capita in the Absheron Peninsula exceeds 21,000 manat, while in the regions it is less than 2,000 manat.
Outside the city of Baku taxes of 828 million manat are collected - not more than 5% of the state budget revenue. And this year, the share of regions in tax revenues will fall even more, and is projected at 620 million manat, or 3% of the state budget revenues.
The economist also noted the low level of involvement of regions in the country's exports - 3%. ---- 08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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