According to the State Statistics Committee, the nominal income of the population of Azerbaijan as of 1 December was at the level of 36 billion 770.2 million manats (+ 5.7% compared to January-November of last year).
This means that the per capita figure was 3,860 manats (+4.4%), which is 0.7% higher than the average annual inflation rate.
Final consumption (goods and services) absorbed more than three quarters (75.7%) of the revenue, 9.5% was spent on the payment of taxes, social security contributions and membership fees, 3% - payment of interest on loans, and 11.8% - accumulation. --17D-
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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