In 2016, the state monopoly on lotteries, the JSC "Azerlotereya", has sold over 29 million lottery tickets (including 121.7 thousand e-lotteries), by 7.9% more than in the previous year, said the Ministry of Economy.
In the year of the crisis, one the manifestations became the reduction of real money incomes, and the population looked for "happiness" in lotteries. Income from selling the lottery tickets totaled 33.448.100 manat, which is by 5.7 million manat, or by 20.8% higher than in 2015. The amount of prize fund has exceeded 20 million manat (+ 11.3%), accounting for 69% of revenue from ticket sales. 08B
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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