Small businesses pushed away from area of services
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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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