The state budget in 2016 does not add funds from privatization of state property.
As the Azerbaijani Minister of Finance Samir Sharifov told the media, serious replenishment associated with the May presidential decree on additional measures and new rules to improve industry is expected in January next year. "Now we fulfill all the requirements under the decree to start the application of the new system," said the official.
According to the decree of the President, the government should develop a new draft law "On privatization of state property" by August 1, according to which the State Committee for Property Affairs will report annually the list of objects offered for sale in the budget package.
In addition, the document has suspended all decisions on privatization in the second state program, on which the deals have not been signed. Now, a new list of objects owned by the state has to be prepared in three weeks. --17D-
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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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.
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