The Center for Economic Research estimates the quality of the presentation of the socio-economic system in Azerbaijan defined by fuzzy analysis. This is the first peer review in the world.
Analysis of the socio-economic system of the country was made by the head of laboratory Fuzzy Economy of the Institute of Cybernetics of the National Academy of Sciences of Azerbaijan Korkmaz Imanov. Overall, the analysis, which was based on official statistics and expertise in the various sectors of society, rated the quality of social and economic system as "average."
Low estimate was given to the social climate. Economic system, in spite of the many positive aspects of it, got 0.5 from 1 possible score. As estimated Imanov, the middle class in Azerbaijan includes only 9% of the population. Approximately 10% of the population lives below the poverty line. The bulk of the population has low purchasing capacity.
The formula of fuzzy analysis of the quality of social and economic system is applicable to all countries. Materials of fuzzy analysis of the socio-economic status were published in many countries. - 08C -
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review