Nominal income per capita in Azerbaijan in the first half of the year amounted to 1.708.800 manats (+5.7% compared to the same period of last year), which means to 284.8 manat per month .
According to the State Statistics Committee, real income per capita in the January-June 2013 amounted to 1.549.400 manats (also +5.7%), although last year they increased by 12.2%.
The SSC did not disclose the cost of population expenses. However, in January-May 2013, the population spent on goods and services 69.3% of its income (9 billion in total 3.8 million manat.) On payment of interest on loans (mainly consumer) spent 11.1% or 1.442.200 million manat, on accumulation and purchase of freely convertible currency - 19.6%, or 2.546.500 million manat.
Public expenses on servicing loans are increasing, more and more citizens are in debt, and the courts are full of claims about the alienation of the property because of non-returned loans. -17D-
Economics
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
-
A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
-
The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
Leave a review