Thanks to new industrial enterprises, which are based on local raw materials, dependence on the importation of certain goods declined. By the end of the year the demand for cement will be met by local production. This was stated by Minister of Economy and Industry Shahin Mustafayev.
According to him, in the first half of this year, production of construction materials rose by 16.8%, cement - by 39%. In Sumgait chemical-industrial and Balakhany industrial parks (BIP) were first residents. Sumgayit organized the production of steel and polyethylene pipes, is preparing to release stable high-pressure hydraulic equipment. Admitted in BIP first two companies will produce 120 items of technical oils and plastic products using domestic and industrial waste.
According to the minister, is preparing the legal framework for the establishment of industrial parks in the cities of Ganja and Mingachevir, designed the first industrial area in the city Nefchala. Besides there were considered investment proposals for engineering and preparing proposals for the development of the industry. In the first half of this year, industrial production in the non-oil sector grew by 4.2%.
At the Cabinet meeting on July 10 Shahin Mustafayev also said that work on the creation of a complex steel production is on schedule.
2014 Azerbaijan declared the "Year of the industry." Independent experts have concluded that as most sectors of the economy, industrial production is monopolized in the hands of the oligarchy. "State Machine" is a tool for cleaning their way of surviving entrepreneurs.
The Chairman of NGO Promoting Economic Initiatives, Azer Mehdiyev confirmed Turan the launching of several industrial enterprises in the recent years. "The problem is that with the advent of local goods is given a secret order prohibiting or restricting imports of similar products. This is fundamentally wrong approach in terms of competitiveness in anticipation of the entry into the World Trade Organization," said the economist. - 08D -
Economics
-
Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
-
Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
Leave a review