WEEKLY ECONOMIC REVIEW

WEEKLY ECONOMIC REVIEW

A working group for implementation of a monitoring of import consumer goods prices was established last week under the presidential decree on �Strengthening of anti-inflation measures’, dated 31 May 2005.

The group includes representatives from the Ministry of Economic Development, the taxes Ministry and the State Statistics Committee.

The process of monitoring of wholesale and retail goods prices has started. In compliance with Article 3.4 of the decree. results of monitoring will be publicized in media in every three months.

The working group continues the work over application of methods on ensuring exactness of results of monitoring, increase of the quality of collected data, as well as right selection of facilities and estimation of initial data.

The analysis of reasons causing inflation in the country, held both by the governmental and independent experts, reveal great role on non-monetary factors in intensification of growth pace of prices.

The most influential factor was the existence of monopoly in production, trade and import-export operations. No fact on co considerable difference between the prime prices of consumer goods and their final prices.

The working group targets removal of undesirable moments. The motoring of prices in the countries is implemented by the State Statistics Committee only for calculation of inflation, while it is interested in formation of prices of goods.

Obviously, being aware of existence of such monitoring of absolutely different quality members of the consumer market should set fair prices, even if they are monopolist. In the contrary, data on their anti-consumer activities will presented to definite bodies.

Spain reports no new COVID-19 deaths for 2nd consecutive day
Spain reports no new COVID-19 deaths for 2nd consecutive day
Britain, EU clash over financial market access: diplomats
Britain, EU clash over financial market access: diplomats
Paris police fire tear gas at protest of racial injustice
Paris police fire tear gas at protest of racial injustice
Loading Bars
Latest
Spain reports no new COVID-19 deaths for 2nd consecutive day
Minnesota files civil rights charge vs police in Floyd death
Britain, EU clash over financial market access: diplomats
Paris police fire tear gas at protest of racial injustice
1 killed, 3 wounded in explosion in Kabul
UK COVID-19 deaths hit 39,369 as another 324 patients die
NYC extends curfew all week; mayor says no to National Guard
U.S. sanctions four shipping firms for transporting Venezuelan oil
Saudi Arabia reports 1,869 new COVID-19 cases, tally near 90,000
Turkey's COVID-19 cases top 165,000 as new infections drop for 5th straight day
Azerbaijan discloses number of coronavirus tests
Azerbaijan presents facts on Armenia’s crimes to UN Security Council
Serbia’s coronavirus cases reach 11,454
Azerbaijan’s Lankaran cannery talks about plans for 2020
Azerbaijani company talks production of disinfection equipment for escalators
Georgian airports preparing to receive visitors
Returning of deposits in liquidated banks starts in Azerbaijan
MFA: Armenia must put end to policy of annexation and withdraw occupying forces from Azerbaijani territories
Six Azerbaijani insurers reduced collection of premiums from Jan. through Apr. 2020
Revenues from international visits down in Georgia
Sales through Azerbaijan's Azexport website increase
15 insurers increased collection of premiums in Azerbaijan from Jan. through Apr. 2020
New fruit storage company begins operating in Georgia
Georgia talks country's public debt management policy
LUKOIL's Kazakhstan-based plant makes first oils shipments to China
Turkey talks completion date for pier construction in Istanbul
Azerbaijani Rabitabank's financial indicators many-fold exceed CBA's minimum requirements
Turkmenistan, other participants of ECT Modernization Group to ensure energy transit
Kazakhstan to start reconstruction of runways in two more airports
Azerbaijan reports 273 new COVID-19 cases
Turkey's export of fruits to France slightly up
Azerbaijan's Central Bank holds foreign exchange auction
TOP-3 non-oil export products of Azerbaijan
Georgia signs loan agreement with Asian Development Bank
Mastercard for Azerbaijan, Turkey working on creating cashless environment
Construction of first GTL plant of Uzbekistan nearing completion
Sumgait Technologies Park ships first batches of aluminum profiles to Kazakhstan
Turkey-Kazakhstan trade turnover declines
Azerbaijan’s Agricultural Insurance Fund upgrading service quality
Union of Economists of Turkmenistan creates digital technology department
CISCO conducting consultations on participation in big innovative projects in Azerbaijan (Interview)
Renewable electricity proves to cheapest as improving technologies leads to price drop
Kulevi oil terminal: Anticorrosion works completed at several facilities
Azerbaijani minister: Financially, some state-owned companies aren't stable
Iran's President urges companies involved in Justice Shares sale to ensure transparency
COVID-19-led digitalization to change how businesses operate and consumers live
PM Modi Holds Highest 'Approval Rating' Among World Leaders Handling the Pandemic: Report
Turkey-China trade turnover downgrades
Azerbaijan’s PASHA Sigorta company offers free consultations of psychologist, pediatrician
Georgia installs solar panels in over 80 villages
Work on commissioning of Baku-Tbilisi-Kars railway line in Georgia continues
Turkmenistan talks laying power transmission line alongside TAP pipeline
Tender to build schools, kindergartens opens in Turkmenistan's Balkan region
Turkmenistan's Turkmengas opens tender fortesting of lab equipment
Turkish ministry allows industrial company to participate in BOTAS tenders
Finance minister: Negative effects of quarantine on Azerbaijan's economy were inevitable
China approves $20 billion mega petchem complex in Shandong oil hub
FAO, WFP to jointly support Kyrgyz rural families to combat COVID-19
Volume of ethanol handled via Turkish ports from Jan. through Apr. 2020 disclosed
Turkey's export to EU from Jan. through Apr. 2020 shrinks
EBRD eyeing optimizing debt maturity profile of Kazakhstan's Eastcomtrans
Uzbek enterprise starts construction of modern residential complex
Azerbaijani finance minister: No problems with fulfillment of state budget for 2020
Uzbekistan to sell state share in major chemical enterprise
Uzbek-Korean JV opens tender for procurement of panoramic mirrors
Iran's Plan & Budget Organization talks unemployment rate in country
China's Wuhan finds no new COVID cases, 300 asymptomatics in tests
Azerbaijan discloses data on oil, gas sectors trade turnover
Azerbaijan imposes new rules for visitors of malls
Georgia taking measures to support winemaking sector
Azerbaijan sees growth in fruit, vegetable exports
Azerbaijan starts exporting persimmon to UAE
Iran has sufficient foreign currency reserves - CBI
Trade turnover between Turkey, Uzbekistan plunges by over half in April 2020
Turkey reveals volume of fuel oil handled via local ports from Jan. through Apr. 2020
Azerbaijan discloses info on 'Single Window' exports
EBRD to support distribution network enlargement of Kazakhstan's beverage producer
Volume of problem loans shrinks in Azerbaijan
Sales volumes stabilize in Azerbaijani foreign exchange market
Russia's Penoplex to increase thermal insulation polymers production in Uzbekistan
Turkmenistan to increase capacity of its energy sector
ADB supporting business restructuring of Kazakhstan’s largest power generation company
Azerbaijani Parliament adopts amendment on fines for not wearing masks
Kazakhstan’s Aktau seaport to buy welding equipment spare parts via tender
Kazakh-Turkish JV opens tender to buy spare parts for pumps
Turkmen officials talk progress of agricultural work in country
Iran reveals its COVID-19 data for June 2
Turkmenistan’s Akhal region to increase potato production
Volume of cargo handled in Georgian ports of Kulevi, Supsa increases
Azerbaijani oil price shows increase
UK records almost 62,000 excess deaths during pandemic
Payments via foreign bank cards from Jan. through Apr. 2020 drop in Azerbaijan
Hong Kong to extend restrictions on foreign visitors by three months
Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders
State Tax Committee of Uzbekistan reveals data on VAT refund to enterprises
Kazakhstan eyeing cargo transportation increase to Black Sea ports
Azerbaijan to open state borders with neighboring countries first
Volume of dolomite handled via Turkish ports from Jan. through Apr. 2020 disclosed
Georgia sees decrease in volume of cargo handled at international airports
Azerbaijan sees growth in money supply
All news