Price of Bread to be Increased by 10% in Azerbaijan: Expert
Azerbaijan, Baku / Trend corr. U.Ismaylova / The price of bread will be increased by 10% in Azerbaijan by the end of 2007, Eyyub Huseynov, the head of the Free Entrepreneurs Union, said on 17 September.
The increase in the price of bread has been observed from the beginning of the summer with prices doubling in various regions of Azerbaijan. The rise in bread prices has caused an increase in prices of grain in grain exporting countries such as Russia, Kazakhstan, Turkey and Ukraine.
The bill regarding compulsory licenses was adopted in Kazakhstan in August. This change of export policy by Kazakhstan will influence bread prices in Azerbaijan. The cancellation of GDP by the Azerbaijani Cabinet of Ministers from 27 July 2007 cannot affect the prices.
The cost of 1 loaf of bread is AZN 0,30 or more.