How much is the net minimum wage in Azerbaijan?

How much is the net minimum wage in Azerbaijan? As of September 1, 2019 the amount of minimum wage reached 250 manat. Although the minimum wage was set at 250 manat ($147.05 US) , the net minimum wage in Azerbaijan is knowingly lower. Even if the given amount of 250 manat is considered as a minimum, it is still a subject to the income tax. No matter how strange it may sound, but those who work in the state and oil sector, receiving the minimum wage,... Read More

Azerbaijani Economy 2018: Results and Perspectives

Azerbaijani Economy 2018: Results and Perspectives Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then,... Read More