The Office of the UN Resident Coordinator in Azerbaijan welcomes the Presidential Decree on establishment of the National Coordination Council on Sustainable Development. It reads as follows:
‘We are encouraged to see that the Government is creating the National Coordination Council on Sustainable Development as a commitment to working towards the effective implementation of the global goals.
The United Nations System in Azerbaijan is ready to support the Council in its aim to achieve the Sustainable Development Goals and looks forward to an inclusive process that includes the civil society and other segments of the Azerbaijani society.
Azerbaijan, along with 193 United Nations Member States, endorsed the 2030 Agenda at the UN Summit in September 2015, committing itself to taking the bold and transformative steps, which are urgently needed to shift the world onto a sustainable and resilient path, and, while embarking on this collective journey, pledging that no one will be left behind.’ -----71D
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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