The average monthly salary in Azerbaijan is expected to have increased to 850 manats ($500) by 2024. According to forecasts, the average monthly salary will have amounted to 620.4 manats ($365) by late 2019, 716.7 manats ($421.71) in 2020, 768.6 manats ($452.25) in 2021, 809.2 manats ($476.14) in 2022, and 849.9 manats ($500) in 2023,…
The cooperation within the Energy Charter creates opportunities for the development of relations between Azerbaijan and Bangladesh, Minister of Energy Parviz Shahbazov said during the meeting with the visiting Bangladeshi Minister of Power, Energy and Mineral Resources Nasrul Hamid. The Bangladeshi minister is visiting Azerbaijan to attend the International Energy Charter Forum held in Baku.…
The period of exemption from tax regarding the production volume obtained from the sale of agricultural products in Azerbaijan will be extended for five years. This is reflected in the draft law “On Amending Tax Code” and concerns the volume of production obtained from the sale of agricultural products manufactured by the agricultural producers themselves…
The Baku Stock Exchange (BSE) will hold an auction on the placement of short-term bonds of the Azerbaijani Finance Ministry worth 25 million manat ($14.736 million) on October 15 from 11:00 (GMT +4) until 12:30. Securities, with par value of 100 manat ($58.94) each and a maturity of 364 days, will be placed at the…
As of October 9, 130,201 tons of raw cotton were delivered to cotton collection centers across Azerbaijan, up 1.6-fold YoY, Agriculture Ministry reported. In 2019 so far Saatli (21,561 tons), Agjabadi (14,184 tons), Barda (13,165 tons), Bilasuvar (12,527 tons) and Sabirabad (12,266 tons) districts are leading by the amount of cotton harvested. Cotton growing is…
Rice, tobacco and sugar beets harvesting continues in Azerbaijan, the Ministry of Agriculture reported. To date, slightly over 7,734 tons of rice have been harvested in Azerbaijan. This year 504 enterprises planted 4,038 hectares of rice. So far the harvesting has been carried out on the territory of 2,586 hectares. The average yield was 30…
Sheki Winery company plans to deliver initially 18,000 bottles of wine to Barcelona, Spain in November in order to promote and sell its wine products, the company’s director, Vidadi Hasanov declared. The company has signed a relevant contract with Spanish company Eurocainabric, Hasanov said. “The first acquaintance with the representatives of the Spanish company took…