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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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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