For two months of this year, prices for electricity, natural gas and steam in Azerbaijan increased by an average of 52.4% compared to the comparable period of 2016, the State Statistics Committee reported.
From the beginning of the year, consumers were supplied with electricity, natural gas and steam at the expense of local production in actual prices for a total of 329.7 million manat, which is 3.3% more in comparable prices than in January-February 2016. In January-February 2016, this figure was 228.5 million manat, the SSC said. In other words, mainly due to the price factor, the production increased by 44.3%. ---08B
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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