State Statistics Committee announced a significant reduction in September of production prices of processed tobacco and building fixtures. In retail sales, this trend is not reflected .
According to the State Statistics Committee, in September fermented tobacco companies began to offer the price is 25.1 % lower than in August. Local tobacco production in September was offered at the same price. Factory prices for construction steel rebar in September by 10.6 % lower. Dealers have not changed rebar prices, a ton of which is approximately 700 manat.
In general, in September production prices of industrial products increased by 0.4 %, while compared with the same month in 2012, these prices were down 4.6%. -08B-
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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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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