In Azerbaijan it is harder to get information, according to official inquiries, said, speaking at the Black Sea NGO Forum in Bucharest, chairman of the Center for Economic Research, PhD Gubad Ibadoglu.
According to him, the last change to Article 4 of the Law of Azerbaijan "On Commercial Secrets" involves hiding data on participants (founders) commercial entities and their shares in the authorized capital of the enterprises.
This provision is in conflict with the early version of the law "On receipt of information." However, in this paper the parliament has amended the reaction, giving officials unlimited field for the refusal in the event that it is found that the request violates the public interest in the political, economic, defense, finance, social and moral values, the judiciary, health, reproduction, and so on.
According to the economist, the country has recently joined the International Partnership Initiative of open government should not violate the principle of openness. He urged NGOs Black Sea countries that are members of the Initiative, to join the multilateral cooperation and to work on improving the business environment in the region. - 17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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