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
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced on Monday.
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the STS, cybercriminals have been creating counterfeit websites and online pages that closely mimic the official internet resources of the State Tax Service, luring unsuspecting citizens with promises of VAT refunds.
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azerbaijan's consumer market and the government's anti-inflationary measures this year.
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Azerbaijan's foreign trade balance showed a positive surplus of $4 billion in the first half of 2024, according to data from the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor.
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