The property of several small and medium-sized metropolitan entrepreneurs has been arrested. According to the Ministry of Taxes of Azerbaijan, the dodgers are five.
JSC Tekoplast (Narimanov district) has unpaid debts amounting to 15,186 manat, thereby they arrested domestic equipment, doors and windows in the amount of 2,680 manat belonging to the enterprise.
The store of building materials belonging to a private owner Shahid Melikov on Avenue Khatai (Nasimi district) found receivables in the amount of 6,276 manat and arrested the plumbing for 7,130 manat. Similar financial shortcomings were found in the other three sites.
The Ministry of Taxes has never brought to justice representatives of commercial organizations within the business network of large state and government officials - the largest employers of the country. -17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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