Almost 98% of Industrial Investment in Azerbaijan Invested in Production of Raw Materials
From January to April the industry of Azerbaijan was invested 2 billion 307.8 million manat (minus 12.8% to the end of March last year), which corresponds to 80.2% of all financial investments in the local economy, the website of the State Statistics Committee of Azerbaijan said.
Almost all (97.53% or 2 billion 250.9 million manat) of the investments were in mining industry with a downturn of 6.5% for the year.
In addition, the state invested 127.7 million manat (minus 46.2%) in transport and storage, 125 million manat (minus 56.5%) in housing, 18.2 million manat (minus 55.5%) in processing industry, while other positions were less important. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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