International experts do not see a reason to raise electricity tariffs in Azerbaijan.
According to analysts from Standard & Poor's, this could cause growth of social problems. The experts recommend replacing the tariff increase by new debt repayment and tax write-offs of Azerenergy, financial investments in its activities, and other measures, inherent in this type of economic system.
The updated rating of the state monopoly in electricity generation again ties its situation to the government in view of its role in this company. According to the experts, without state support this company, as well as its other counterparts, may face difficulties in servicing its debts due to erratic capitalization. --17D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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