BAKU/13.09.13/TURAN : The total income of the population of Azerbaijan in January-August amounted to 2 billion 376.2 million manat ( +6% by September 1 last year).
According to the State Statistics Committee, 68.7 % of the funds spent on end-use products , 20.6 % of the money " left on a rainy day " in the form of bank deposits and 9.1 % spent on taxes, social insurance and voluntary membership dues.
The average salary of employees - 412.7 manat (+6.9 % YTD), according to the State Statistics Committee . The highest average salary is in the ICT sector, especially in private companies - 669.6 manat. In industry , the figure is 641.4 manat, in the construction sector - 609.5 manat , transport - 525.6 manat. - 17D-
Economics
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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.
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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.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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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.
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