In March, the price of food in Baku increased by an average of 1%. Among the products that in the month increased the prices, we can specify fresh fish (25%), sausage (10%), rice (10%), butter (5%), and milk (11%). In connection with the Novruz holiday there was a rise in prices for dried fruit - by 15-20%. 20-25% increase was in the prices for fruits and vegetables: bananas, apples, pears, quinces, pomegranates, cabbages, tomatoes, and cucumbers. At the same time, during the month prices fell for pasta, greens, beets, carrots, garlic, onions, and potatoes.
Experts do not exclude the artificial rise in the prices on the occasion of Novruz. Ramil Aliyev, one of the experts who study the consumer market, believes that "the price increase in March was a logical thing, and this year was no exception." After the holidays, prices stabilized again. In the coming days, food prices will remain relatively stable. As for agricultural products, it is possible that the price will fall in relation to the season.
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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