In March, the food prices in Baku in general fell by 1%. It should be noted that the marked increase in February was at 4.4% and the decrease in January was at 2%.
In the basket of food commodities of 30 items registered by Turan IA, eggs got much cheaper (-28%). Also cheaper became chicken (-3.8%), corn oil (-4.6%), sugar (-6.2%), rice (-4.7%), and milk (-9%).
The prices rose for cucumbers (+ 25%), beef (+ 15.4%), lamb (+ 5.2%), and buckwheat (+ 12%).
Other prices did not change. In general, decline in prices for such everyday foodstuffs as meat and poultry in the winter, i.e. in the off-season for fruits and vegetables, means a decline in demand due to the low purchasing power of the population caused by the crisis in the economy.
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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