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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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