JSC Azerenergy (state monopoly on the production of electricity in Azerbaijan) made 14.8 billion kW / h of electricity in January-August 2016.
As the press-service of the company said, in January-August 2015 Azerenergy generated 15.3 billion kW / h. Thus, in January-August 2016 the production decline was 3.3%.
In August of this year, Azerenergy developed 2.1 billion kW / h.
In 2015, Azerenergy generated 22.5 billion kw / h. -12D--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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