Baku/08.10.13/Turan : Ministry of Economic Development predicts growth of the consumer price index for the year of 3.3%. The next year, inflation will increase. For three quarters of this year, inflation stood at 2.3%.
According to a Ministry of Finance report, in 2014, inflation will be 3.5 %. And in the years 2015-2017 inflation will remain at the level of 3.8-4.1 %, calculated by the government.
In 2011-2012, consumer prices in Azerbaijan rose by 7.9 % and 1.1 %.
According to government estimates, the monetary income of the population in 2013 will outstrip inflation by more than half (7%) and the amount to 38.4 billion manat. The following year, the population earns 42 276.8 mln. By 2017, this figure could reach 55.9 billion manat, which is 83 % ahead of the figure for 2011.
By the end of this year, the average monthly earnings of employed persons reached 440 manat. In 2014, this figure could reach 479 manat. In the next 3 years in the government believe that the increase in wages will grow at an annual level of 4.5-4.9 %. - 08D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review