The Azerbaijan State Program will be accepted on the development of industry in 2015-2020. This is provided by the signed decree of the Azerbaijani President to declare 2014 the Year of Industry in Azerbaijan.
Under the decree, the Ministry of Economy and Industry is in charge of preparing and presenting the head of state an action plan in connection with the 2014 Year of Industry ad in a month.
The Year of Industry ad and development of the state program are due to the need of industrial upgrading and diversification of non-oil industry, involving in economic circulation of available natural and economic resources, creating along with traditional industries manufacturing of new priority areas in industrial parks, increase in the regional industrial capacity, and the development of industry based on innovation. -06D -
Economics
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According to the State Customs Committee, food import expenditures in Azerbaijan rose by 10.2% in the first ten months of 2024 compared to the same period last year, reaching a record $1.97 billion. This increase, driven by growing demand for vegetables, fruits, tea, rice, and animal products, highlights the country's rising dependence on imported food despite government efforts to boost domestic agricultural production.
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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