The cost for Novruz for an average family of four is 147 manat, as shown by the Center for Economic Research. According to the chairman, Ghalib Togrul, the cost include mandatory items, such as traditional pastries, sweets, fruits and colored eggs for kids, rice with ingredients and consumed electricity and gas.
Baklava preparation costs 27 manat, for shekerbura (30 pieces),17 manat, and for 30 buns, 12 manat. Pilaf costs 30 manat, various attributes of the festival in the form of nuts, almonds, raisins and pistachios are 28 manat, fruit, 15 manat, and drinks (non-alcoholic), 10 manats.
That is the minimum. If someone wants to make dolma or another dish, the costs are higher. In 2011, the holiday table estimated by CER cost 134, and 2012, 141 manats.
The rise most severely affected the price of chestnuts and walnuts, said Ghalib Togrul. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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