On June 13 President Ilham Aliyev signed a decree on establishment of an industrial quarter in Masalli.
The government is instructed to allocate a land plot of 10 hectares for the industrial activities of the quarter in 3 months. The industrial quarter will be managed by the state-run Azerbaijan Investment Company.
The Economy Ministry will take measures to create internal and external infrastructure of the Masalli industrial quarter and to provide the effective implementation of business activity.
In 2014 it was decided to establish an industrial quarter in the Neftchala district, where the necessary infrastructure is planned and the selection of residents is carried out.
Industrial quarters in regions of the country are to support small and medium enterprises in the industrial sector and the sustainable development of non-oil sector and to increase employment. -----08D
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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