In October in Baku and other cities of Azerbaijan, food prices on average remained unchanged. During the month, there have been some changes in prices, in particular, sunflower oil fell in price by 7.7%, and eggs rose by 11.1%. Prices for other foods did not change. Overall, compared to the same period last year, prices rose on average by 1.8%, and compared with the start of this year they fell by 2.3%.
Prices for non-seasonal fruits and vegetables increased an average of 15-20%. The prices of seasonal fruits and vegetables reduced 50-100%.
In the coming days, food prices are to be relatively stable, and seasonal fruits and vegetables will become cheaper.
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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