In 2015, for the implementation of the "Southern Gas Corridor" from the state budget 928 millionmanat will be allocated, and from the Petroleum Fund - 1.341 billion manat, stated the Minister of Finance Samir Sharifov, introducing the draft state budget in parliament. For this project from the state budget will be spent 2.269 billion manats, or 8.8% of total expenditures. In addition, the budget in 2015 provided 300 million manat to complete the construction of the Baku-Tbilisi-Kars and Baku Sea transport port.
For defense will also be allocated three billion 783 million manat, by 809 million manat more than in 2014. -03D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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