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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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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