Last year the population spent 25 billion 721.1 million manats (+10.9% to the year before) on purchases in retail.
According to the State Statistics Committee, half the cost (50.04% or 12 billion 871.2 million manats) accounted for food products (+ 10.1%), while non-food products were 12 billion 849.9 million manats (+ 12.8%).
Increased by 5.1% the volume of services provided - the aggregate amount equal to 7 billion 462.8 million manats, while 72.9% of all services (5 billion 440.6 million manats) were the share of legal entities. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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