The success of reforms in the non-oil sector, the level of the shadow economy in the country and the rise in prices on the railroad are the topics of today's press.
The Azerbaijan writes on the success of reform in the non-oil sector, which, according to the author, is the result of the policy. There was an opportunity to develop the economy at the expense of the non-oil sector and increase in exports in 2016, as well as the development of certain industries - sericulture, grain growing, livestock, sugar beet growing and others.
The Echo has published an article titled The Shadow Economy of Azerbaijan in the First Place in the World.
Azerbaijan in 2016 was the first in the list of countries with the largest volume of "shadow" economy. The results of the research showed that the volume of the "informal" sector is estimated at 67.04% of GDP. At the same time, it is projected that by 2025 the situation will improve slightly and the indicators will reach 58.38%. These are the data of the International Association of Chartered Certified Accountants (ACCA).
The Novoye Vremya has published an article on raising prices for rail transport by 20%
The Yeni Musavat writes that the shadow economy is a product of the bureaucratic business. The newspaper cites the data of the International Association of Chartered Certified Accountants (ACCA) in connection with the fact that the volume of the shadow economy is approximately 72%. -0 -----
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- Finance
- 7 July 2017 10:41
Social
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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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