Number of Preschool Institutions Increased by 1.5%
According to the State Statistics Committee, at the beginning of this year 1,706 pre-school educational institutions operated in Azerbaijan. In 2014 there were commissioned 26, including 15 private kindergartens.
According to official estimates, only in Baku there are 1,100 kindergartens.
By the beginning of this year preschool educational institutions registered 116,000 children, including 53,800 girls.
Last year, the number of children in kindergartens increased 8,350 people. The number of preschoolers in private kindergartens increased 683. At the beginning of this year 56 paid kindergartens brought up 2,244 children.
In 2007-2013, 82 kindergartens were privatized in Azerbaijan. Most of them, due to the absence of proper control from the State Committee for Property Affairs, have changed the profile of activity.
Since January 2014 the law "On the provision of long-term tax benefits to babies’ homes, nurseries, special kindergartens and orphanages" has been enacted. The law provides for the release of these institutions for 10 years from the payment of income tax and simplified tax.
Parents, whose children are educated in private kindergartens, pay from 100 to 600 manat per month for that. –0--
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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