Population of Azerbaijan acquired in January-June consumer goods worth AZN 10 billion 84.2 million (+8.9% per year).
According to the State Statistics Committee, the share of food in domestic trade turnover amounted to 50.8% (5 billion 122.3 million or +2.8% per year), while the rest was non-food products (15.5%).
SSC has estimated that in the first half of the year money services rendered to the population totaled 2 billion 982.5 million (+6.9% per year). About three-quarters of services (74.9%) were legal persons (+5.6%). Individuals are actually removed from the process because of the lack of material and technical capabilities, as well as artificial obstacles officials and tax authorities. - 17D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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