According to the basic positions, the production of popular drinks is in recession. According to the State Statistics Committee, mostly suffered sparkling wines - 0.6 thousand deciliters (minus 77.8%) and other wine – 116.6 thousand deciliters or minus 32.8% in comparison with the figures as of 1 April last year.
Vodka production was 138.1 thousand deciliters or minus 4.1%, beer - 764.6 thousand deciliters (minus 1.3%), and soft drinks - 3 million 373.4 thousand deciliters (minus 7.6%).
The growth was only in the production of brandy (+ 56.9%) - up to 18.2 thousand deciliters and liquor (+ 90.5%) - 32.2 thousand deciliters.
Notable decline was in the sphere of popular tobacco products (generally minus 12.1%) - to 342.5 tons of fermented tobacco (minus 6%) and 458 million cigarettes (minus 15.1%).
According to experts, the trend is related to two factors - increase in the imports and underestimation of the finished product. --17D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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