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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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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