The conditions created in the country for entrepreneurship, the dangerous level of the shadow economy, and the rising prices and taxes are the leading topics of today's press.
The newspaper Azerbaijan writes about the favorable conditions created in the country for entrepreneurship, which, in its turn, has caused the growth of investments.
The author writes that over 200 investment promotion certificates were issued to ensure the development of entrepreneurship. Within the framework of this project, the private sector of the country has been invested 1.7 billion manat.
The Novoye Vremya newspaper published an article about the shadow economy, which turns into a threat. In Azerbaijan, two-thirds of the GDP falls on the informal sector. The share of the shadow economy reaches 67% of the GDP, which is almost three times higher than the world average.
The number of able-bodied citizens in the country reaches almost 4.8 million people. 1.5 million of them are hired workers, and 1.7 million more work in agriculture. The rest are engaged in illegal labor activity.
The website Azadliq.info writes that the food basket has risen in price by 50%, and the minimum wage by 10%. Such conclusions are made by experts on the basis of the State Statistics Committee"s data.
In December 2014 the food basket was 95 manat, and in October 2015 it was 143 manat.
According to official data, after two devaluations in the last 3 years, the value of the food basket has increased by 50%. And the minimum wage for the last 3 years has increased by only 10%, amounting to 116 manat.--0--
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On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
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Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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