Despite assurances from the Executive Power of Baku, the organization of the relevant holiday fairs (where the population can buy goods at affordable prices) and the regulations of the Spiritual Administration of Muslims of the Caucasus, food prices increase.
As the head of the Free Consumers Union Eyub Huseynov told Turan, the cost of food will increase by an average of 10%. The reason is that the local economy is controlled by the government, otherwise prices would have soared.
According to independent experts, the economy is controlled not by the government, but by its high-ranking "untouchable" officials, which have a monopoly. According to the laws of Islam, during the days of sacrifice the cost of essential goods should be reduced so that all families had the opportunity to cover the festive table. In Azerbaijan, it is an excuse to raise prices. In 2014, Qurban Bayram is celebrated on October 4-5. Due to the fact that these days are on Saturday and Sunday, the Cabinet of Ministers of the Republic of Azerbaijan declared non-working days 6 and 7 October. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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