Against the backdrop of the financial losses from falling stock prices of oil in January almost doubled (+ 95.6%) the volume of foreign investments, including foreign companies and international financial institutions. According to the State Statistics Committee, last month, the local economy received a recharge in the amount of 423 million 318.4 thousand manat.
The usual leaders were the British, as their business investments in January were 146 million 227.2 thousand manat (34.5% of all investments with growth of 94.7%). 5.6 times growth was observed at investors from Norway (82 million 105.8 thousand manat), and in the third place were the Turks - their investment in the local economy was 33 million 213.1 thousand manat (+67.7%).
The leader among international financial institutions is the World Bank (27 million 836.2 thousand manat or +43.16% compared to January of last year), while Asian Development Bank invested 6 million 449.3 thousand manat (minus 61.8 %). --17D-
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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