In 2014, which the government declared the Year of Industry, the volume of industrial production in the city of Baku totaled 27.6 billion manat. This is 8.6% less than in the previous year.
According to the Statistics Department of Baku, the share of the mining industry in general industrial product of the city was 79.3%. Processing plants produced 16.1% of the industrial product of Baku. In this case, 80.4% (22.2 billion manat) of industrial products were produced in the private sector, which also includes oil produced by foreign companies.
According to the State Statistics Committee, last year the volume of industrial production in Azerbaijan totaled 31.9 billion manat. Thus, 86.5% of this product accounted for the capital. ----08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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