Nearly three-quarters of capital investments in January (71.5%) in Azerbaijan's economy on account of foreign investment is equivalent to 629.4 million manat.
The total volume of investments in the starting month, according to the State Statistics Committee, totaled 880.7 million manat (minus 23.2% in last year's January.) The bulk of the funds 772 million or 87.6% is directed to the production facilities, and only 4.9% or 43 million – for the construction of housing. The government has invested in the fixed capital 115.4 million manat (13,1%), on account of privateers - 765.3 million manat (86.9%.) --17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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