
The IMF mission visits the Ministry of Economy and the State Oil Fund
The IMF mission which arrived in Baku had talks in the Ministry of Economy, and discussed the issues of minimizing the negative of lower oil prices in the world. According to the Ministry of Economy, it was also affected by the expansion of cooperation between Azerbaijan and the IMF. The IMF delegation were adopted by the State Oil Fund, where they discussed issues of cooperation. The IMF and Azerbaijan do not have talks on attracting an urgent package of international financial assistance, reads the official information. "SOFAZ said that Azerbaijan has sufficient foreign exchange reserves and the macroeconomic situation is stable. The meeting raised the topic "Azerbaijan's transition to a new economic model in the strategy of Ilham Aliyev, the program". The report dioes not say what exactly is this strategy and model. -02D-
Economics
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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