From January to November 2013 investments into the oil industry of Azerbaijan totaled 4,324,000,000 AZN ($5,529,000,000 on the current exchange rate), up 1,681,000,000 AZN against the same period last year.
According to the Azerbaijan State Statistical Committee, in 2012 investments into the Azerbaijan oil industry totaled 3,648,000,000 AZN ($4,676,000,000 on the current exchange rate), up 17% against 2011. The growth of investments into the oil industry is connected with implementation of Chiraq Oil and Shah-Deniz Phase 2 projects. These investments constituted 23.8% in the total volume of investments in economy of the country.—0--
Economics
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In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
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Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
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The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
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