The price of oil falls and the public investment reduces. Investment in construction has also reduced, which led to the economic downturn. This was recognized by Ilham Aliyev at a meeting of the Cabinet.
However, the industry is growing, though at only 0.2%. The growth of non-oil sector was at 3.6%, and in the agriculture the growth was at 2.4%, he said.
Twenty-nine schools were built and 485 schools were repaired. Thirty-three health facilities were built, too. Under construction are roads and water supply and infrastructure projects. A total of 121,000 jobs were opened.
During the first 9 months 36,000 jobs were closed. This is a very good result for a crisis year, Aliyev said.
The Southern Gas Corridor is being implemented and Azerbaijan is turning into a very important transport corridor, Aliyev said. -02D-
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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