In May, consumer prices in Azerbaijan fell by 0.4%, according to the State Statistics Committee. Last year deflation due to seasonal factors started in April and lasted until August.
According to the State Statistics Committee, in comparison with April food products fell by 0.9%. In May, in contrast to the previous month, prices and tariffs for industrial goods and services rose by an average of 0.1%.
During the month increased prices for sour cream, corn oil, apples, pears, herbs, beetroot, carrots and onions. But cheap goods more - dropped the price of flour, buckwheat, beef, mutton, chicken, fresh fish. Fell as whole milk, melted cheese, fat cottage cheese, butter, eggs, sugar, and some fruit. - 08D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
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.
-
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.
-
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.
Leave a review