Baku: Over AZN 4.5 billion has been allocated to Azerbaijan’s oil and gas sector in the initial ten months of 2024. According to Azerbaijan’s State Statistics Committee, as reported by APA-Economics, AZN 4,523.2 million was directed to this sector from January to October 2024. According to Azeri-Press News Agency, there has been a 9.1% decrease … Read more
Baku: Next year, the minimum wage in Azerbaijan will be 400 manats, APA reports. This increase marks a significant development in the country’s economic policies and is expected to impact various sectors. According to Azeri-Press News Agency, the decision to raise the minimum wage has been reflected in the opinion of the Chamber of Accounts … Read more
Baku: President Ilham Aliyev sent a congratulatory letter to Sultan of Oman Haitham bin Tariq Al Said, APA reports. The letter expressed President Aliyev’s sincere congratulations to the Sultan and the people of Oman on the occasion of Oman’s national holiday. According to Azeri-Press News Agency, President Aliyev extended his best wishes for the Sultan’s … Read more
Baku: Next year, the need criterion and the minimum living standard will be set at AZN 285 in Azerbaijan, APA reports. This update is part of the ongoing efforts to adjust economic measures in line with current living conditions in the country. According to Azeri-Press News Agency, this change is reflected in the review of … Read more
Baku: Next year, the minimum pension amount in Azerbaijan is expected to be 280 manats, APA reports. Noted that this was reflected in the opinion of the Chamber of Accounts on the 2025 state budget of the Republic of Azerbaijan. According to Azeri-Press News Agency, the forecasts for 2025 indicate that the ratio of the … Read more
Baku: Next year, the average monthly salary in Azerbaijan is set to increase by 9.1%, reaching AZN 1,080.1. According to Azeri-Press News Agency, this information is highlighted in the Chamber of Accounts’ review of the draft law “On the State Budget of the Republic of Azerbaijan for 2025.” The report outlines that from 2025 to … Read more
Baku: The compulsory medical insurance fee in Azerbaijan has been set at 124.1 manats per person, marking an adjustment in accordance with anticipated inflation rates. The planned budget allocation for the Compulsory Medical Insurance Fund next year amounts to 1,410.4 million manats, with a significant portion, 1,266.6 million manats, representing the state’s obligation to ensure … Read more
Baku: Production of 6,349.4 thousand tons of oil products is predicted in Azerbaijan next year, APA-Economics reports. Noted that this was stated in the draft law “On the 2025 state budget”. According to Azeri-Press News Agency, the document outlines that the production levels for subsequent years are estimated at 6,189.5 thousand tons in 2026, 6,364.2 … Read more
Baku: “Responding to Armenia’s large-scale militarization policy has made it necessary to increase Azerbaijan’s defense and security spending and further enhance our defense capabilities,” Azerbaijan’s Minister of Finance Samir Sharifov stated during a discussion on the “State Budget of the Republic of Azerbaijan for 2025” draft law at a meeting of the Milli Majlis Committee … Read more
