Azerbaijani population gains about AZN 62 billion for 9 months
In January-September 2024, the population of Azerbaijan gained nominal income worth AZN 61,587 million. This is reported by the State Statistics Committee.
According to the data, this is up by 6.1% from the same period of 2023.
Over the past year, nominal income per capita in the country rose by 5.6% and reached AZN 6,039.
Finance
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Economic growth in Azerbaijan in 2024 was 4.1% amid a slowdown in the decline in oil production and the effectiveness of Karabakh's reconstruction.This was announced by international rating agency Fitch.
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International rating agency Fitch has once again confirmed the long-term issuer default rating (IDR) of Azerbaijan in foreign currency at the level of ‘BBB -’.This is stated in the agency's statement.
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In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period in 2023. In particular, last year, customs duty revenues increased by 20.2% to 158.2 million manat, while VAT (Value Added Tax) revenues decreased by 0.45% to 463.5 million manat. Excise tax revenues increased by 6.2% to 19.55 million manat, and road tax revenues increased by 45.9%, amounting to 5.2 million manat.
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An auction for the placement of interest-bearing, unsecured, undocumented, registered bonds of the non-bank credit organization (NBCO) Embafinans with the code AZ2013020600 ISIN, worth 2 million manat for a one-year term, was held at the Baku Stock Exchange (BSE), the BSE reported.
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