The volume of exports of Azerbaijani producers in the nine months of this year decreased by half. Important role in this was played by lower prices for consumers' goods and raw materials.
Since the beginning of the year export of tea has decreased (-44.3%), as well as sugar (-2.2%) and vegetable oil (-22.4%), which is mainly produced by Ltd. Azersun Holding. The share of these products in the first nine months of this year was 3.37% of exports. It is accordingly a negative impact in terms of financial holding companies.
By 22% decreased exports of alcoholic and soft drinks ($ 19.1 million). Since the beginning of the year there were exported vegetables and fruits for $ 162.4 million, which is 3.5% less than in the comparable period in 2014.
Markedly increased export of chemical products (+ 37.8%). Since the beginning of the year the chemical industry exported goods worth a total of $ 72.2 million. --08B
Economics
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review