In 2013, the retail facilities in Azerbaijan increased by 0.7%. In this area stores rose 8.4%. This is a direct consequence of enlargement of the trading network: small shops are closed, the place which is filled with supermarkets.
In the State Statistics Committee told Turan, that at the beginning of 2014 in Azerbaijan had 60,114 stores with a total area of over 3.2 million square meters Functioned in Baku in 2013 20,116 stores (21 stores). During the year the total area increased from 1,710,200 to 1,788,900 sq. m. (+4.6%).
Besides shops, in Azerbaijan on 1 January this year there were 5,774 kiosks. This is 1.2% more than in 2012. Over the past three years there were 337 stalls more.
The most popular supermarkets in Azerbaijan are Bazarstore, Araz Supermarket, Neptun, Favorite Market, Continental, Citimart, Bizim Market, Fresco, and Sebet. - 08B-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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