The experts calculated the consumer basket"s value, referring to the standards set up by the government on April 30, 2009. The index for the able-bodied population was AZN 125.3 in August and AZN 124.62 in July. It was AZN 113.12 for pensioners and AZN 142.52 for children below 14. Therefore the indexes declared officially and those calculated independently are in strong (double) discrepancy.
The food costs were AZN 64.7 for able-bodied people, AZN 58 for pensioners and AZN 71.8 for children. The non-food costs were AZN 35.5 for able-bodied people, AZN 31.7 for pensioners and AZN 50.7 for children. The service costs were AZN 26, AZN 23.3 and AZN 19.2 respectively.
According to the law on the minimum cost of living in 2010, the index should be AZN 87, with AZN 96 for able-bodied people, AZN 68 for pensioners and AZN 72 for children. --17D--
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz