The average per capita income in the first quarter (332.3 manat per month) was 4.6% behind the average of the previous year (348.4 manat), the State Statistics Committee said.
According to official figures, in the three months nominal income was at 996.8 manat, while real income was 901.5 manat. In absolute terms, the ratio was 9 billion 455,900,000 to 8 billion 552 million manat.
More than three quarters of revenues (75.7%, or $ 7 billion 158,100,000) was spent on public goods and services, 12.6%, or 1,191,400,000 - on the accumulation and purchase of freely convertible currency. In addition, 9.6% or 907.8 million was spent on the payment of taxes, duties, social and insurance fees, while the remaining 2.1% of revenue, or 198 600 000 manat was spent on interest payments on loans. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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