It is assumed that the total investment in fixed assets in the next year will amount to 19.8 billion manat (+ 4.7% in the forecasts for this year).
As stated in the official presentation of the budget drawn up by the Ministry of Finance, the total investment in the non-oil sector in the next year will be 14 billion manat, and in the oil sector it will be 5.8 billion manat. This year, according to government forecasts, investment in the oil sector will amount to 5.7 billion AZN and in the non-oil - 13.1 billion manat.
In 2015 the total volume of the share of domestic investment will be 72.8%, and that of foreign investment will be 27.2%. Public investment in the country's economy will make 11.1 billion manat and non-public investment will make 8.7 billion manat. --17D-
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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