Pre-holiday Meeting of Deputy Prime Minister with People
Deputy Prime Minister and Executive Secretary of New Azerbaijan Party Ali Ahmadov got familiar with the agricultural fair prices in the Khatai district, the Green Bazaar in the Narimanov district and the store Grandmart, noting the contrast in the prices of goods sold there. Thus, it was found that in contrast to the reasonable prices at the fair, the prices of agricultural goods in the Green Bazaar and the store Grandmart are 3-4 times more expensive, in connection with which the high-ranking official expressed serious concern.
The official told the local media about the need to "make serious conclusions." According to him, given the non-essential gap in the quality of the goods, the big price difference is unacceptable, all the more so on holidays there is a large influx of customers. "In the market of Green Bazaar there are more sellers than buyers, and this is the result of unfair overcharges. So I think, it makes sense to begin serious work to combat artificial rise in price of goods in the bazaars and shops," he said.
He said on holidays and on their eve the prices should be reduced: "Unfortunately, neither sellers, nor wholesalers, nor importing companies comply with trade rules and traditions. I believe that the number of trade fairs should be increased, so that it affects the prices in the markets."
Turan has repeatedly written about the artificially high prices and the enormous difference in the cost of goods at the customs and in the retail network, but officials have never responded. Now, in order to prevent discontent, members of the government use the practice of "meeting with people." Experts believe that in order to achieve real results tariffs on imported goods should be reduced as well as tax charges from merchants and fiscal authorities should be prohibited to conduct random control checks. Otherwise, the end user will continue to face multiple differences in prices at fairs and in retail network. --17D-
Economics
-
Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
-
Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
-
The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
Leave a review