According to the State Statistics Committee, the country's population from January to June spent 9 billion 531.6 million AZN on purchasing consumer goods (+ 9.7% to June 1 last year).
The purchase of food products, according to official data, was spent 4,777,300,000 manats (+ 6.3%), and non-food – 4,754,300,000 manats (+ 14%). Services were spent 2 billion 615.6 million manats (+ 5.4%). It is noteworthy that three quarters (73.8%) of the total volume of services (in value terms - 1 billion 931.4 million AZN) were rendered by legal persons (an increase of 4%). --17D-
Economics
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Recently, Azerbaijani Minister of Economy Mikayil Jabbarov held a series of high-level meetings in Riyadh aimed at strengthening bilateral relations. Discussions focused on expanding economic cooperation and advancing shared goals in renewable energy and sustainable development, as both countries pursue ambitious economic diversification plans.
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S&P Global Ratings has reaffirmed Azerbaijan's long-term and short-term sovereign credit ratings at "BB+/B" with a stable outlook, citing robust fiscal and external reserves that provide a buffer against economic shocks.
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The Azerbaijani government, in its socio-economic development forecast for 2025–2028, has outlined expectations for methanol (methyl alcohol) production, indicating a continued decline following the peak reached in 2022.
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In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
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