The criterion need in Azerbaijan, used to determine the amount of targeted social assistance (TSA) is planned to increase from 105 manat to 116 manat in 2017, Finance Minister Samir Sharifov said during the discussions on the draft state budget of Azerbaijan in the parliamentary committees.
On Wednesday, the parliamentary committees on defense, security and fight against corruption, economic policy, enterprise and industry, agricultural policy, public unions and religious entities, natural resources, energy and environment started to discuss Azerbaijan's state budget project for 2017.
The Minister noted that the need criterion will be increased due to changes in tariffs on a number of utilities. -----71D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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