From January to October, the volume of production of building materials in Azerbaijan amounted to 328.5 million manat (19.4% of the results of three quarters of last year).
According to the State Statistics Committee, in January-September there were produced 27 600 cubic meters of concrete structures (41.5%), 2,156,200 tons of cement (+ 38.4%), 143 100 tons of plaster (minus 30.9%) , 207,700 cubic meters of building bricks (minus 28,7%), and 290,300 tons of asphalt (minus 4.1%).
In addition, in January-September there were produced 3,446 tons of processed marble, travertine and alabaster and articles thereof (minus 74,7%), and also ready-mixed concrete 1,296,800 tons (25.1%). --17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review