Parliament far from the problems of the poor
Azerbaijani parliament on today's plenary session approved the cost of living for the next year in the amount of 116 manats. This represents an 8 manat (7.4%) more than in the year. For the workforce it will be 125 manats (AZN 9 compared with this year), for pensioners - 94 manat (10), for children - 93 manat (+6).
According to experts, the President will approve this bill far from the realities.
Parliament also approved the "criterion of needs" for next year. This means that citizens with incomes below 93 manat (AZN 9 higher than this year), will be eligible for social aid.
Today, this kind of government assistance (effective from January 1, 2006) is used by about 127 thousand people. - 17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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