In January, inflation in Azerbaijan on an annualized basis was 13.6%, the State Statistics Committee (SSC) told Turan. According to the SSC data based on an analysis of prices on 547 types of goods (works and services), food prices grew by 18.3%, non-food products - 17.2%, and services to the population - 4.6%.
Deputy Chairman of the SCS Yusif Yusifov in an interview with Turan has denied the statements of independent experts about the politicization of statistics, in particular the consumer price index.
"We can prove the truth of our calculations. We cannot approve a widespread increase in prices of goods and services. In rural areas, for example, 70% of food products is met by own resources of peasants, " said Y.Yusifov.In February, there is stabilization of consumer prices. 08B
Economics
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The black boxes from the AZAL aircraft have been returned to Kazakhstan from Brazil and handed over to the investigation commission for analysis of the aviation accident that occurred near Aktau Airport on December 25, Kazakhstan's General Prosecutor's Office reported.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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