Within three months, the Ministry of Economy will complete the study of prospects of creation of industrial zones in the Agstafa region and the city of Ganja. This was reported at the October 13 Board meeting.
The main requirement for the formation of these zones is the use of local industrial capacity and labor resources. Research is also conducted in other regions of the country.
In 2011, Azerbaijan adopted a decision on the creation of industrial parks in Sumgait, the Balakhani settlement, the Garadagh and Pirallahi districts of Baku, Mingachevir, the technology park in the Pirallahi district of Baku, as well as industrial areas in the Neftchala and Masalli regions. 08D
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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