The nominal income of the Azerbaijani population increased by 6.8 percent exceeding 22.164 billion manats in January-May 2019 compared to the same period of 2018, Trendreports on June 26.

In January-May 2019, the volume of building materials production in Azerbaijan amounted to 325.5 million manats, which is five percent more than in the same period of 2018, Trend reports referring to the Azerbaijani State Statistics Committee’s report.

The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 200 million manats with a maturity period of 29 days, Trend reports referring to the BSE.

Montenegro will announce an international tender for attracting investments and managing two airports, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev said, Trend reports.

Azexport portal continues to present local non-traditional export products to foreign markets.

Azerbaijan’s economy keeps showing positive indicators of growth.

Diversification of the national economy, implying decrease in energy dependence and the development of the non-oil sector is priority of Azerbaijan’s state policy, Head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev said at the Azerbaijan-Montenegro Business Forum held in Baku June 25, Trend reports.

Azerbaijan can use Montenegro's experience in alternative energy sector, the development of this area is attractive for our country, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev said at the Azerbaijan-Montenegro business forum held in Baku, Trend reports.

Azerbaijan is a major foreign direct investor in Montenegro, Montenegrin Prime Minister Dusko Markovic said at the Azerbaijan-Montenegro business forum held in Baku, Trend reports.

The criteria of the Cluster SME Company (Small and Medium-Sized Enterprises) were approved upon the decision of the collegium of the Azerbaijani Ministry of Taxes, Trend reports.

Azerbaijan intends to get access to new foreign markets in the European countries and expand the range of local products exported under the Made in Azerbaijan brand.

Prices of precious metals increased in Azerbaijan on June 25 compared to the previous prices, Trend reports citing the data published by the country’s Central Bank.

The local companies will be selected for the implementation of Saudi Arabia-Azerbaijan investment projects.

Representatives of a number of countries to the UN Office in Geneva and other international organizations visited Center #1 of the Agency for Sustainable and Operational Social Security (DOST) in Baku under the Azerbaijani Ministry of Labor and Social Protection of Population, Trend reports on June 24.

An international association of ASAN (State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan) has been created in Azerbaijan and it will cooperate with international organizations in the provision of public services, Trend reports.

The process of introducing innovative technologies should be intensified to achieve transparency and efficiency in the agricultural field, Inam Karimov, Azerbaijani Minister of Agriculture, said at the UN Public Service Forum held in Baku on June 24-26.

Official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 and 1.9396 manats respectively for June 25.

Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May 2019, which is 9.8 percent more than in the same period of 2018, Trend reports referring to the Azerbaijani State Statistics Committee.

ASAN (a state agency rendering public services to citizens of Azerbaijan) aims to apply innovative technologies in public services, Deputy Chairman of Azerbaijan’s State Agency for Public Service and Social Innovations Jeyhun Salmanov said at the UN Public Service Forum, which is taking place in Baku June 24-26, Trend reports.

In Azerbaijan, through raising the minimum salary to 250 manats by order of President Ilham Aliyev dated June 18, 2019, the minimum salary exceeded the subsistence minimum for the first time, Minister of Labor and Social Protection of the Population Sahil Babayev told Trend June 24.

The production of cars and tractors is increasing every year in Azerbaijan. Production of passenger cars in Azerbaijan amounted to 926 units in January-May 2019.

The Central Bank of Azerbaijan (CBA) raised 150 million manat during a deposit auction held on June 24, Trend reports referring to CBA.

In April 2019, the total value of deposits in Azerbaijan amounted to 22.13 billion manats, which is 9.6 percent more than in the same period last year, Trend reports referring to the Central Bank of Azerbaijan (CBA).

The cooperation with the UN Food and Agriculture Organization (FAO) is being expanded to support the development of small and medium-sized enterprises (SMEs) in Azerbaijan.

For the first time, Azerbaijan held the Organic Food Festival in Baku on June 21-23. The festival presented about 150 products and services from more than 50 companies, micro and small entrepreneurs.