During 6 months, 2015 chemical plants of Azerbaijan increased volume of production by 2.2 times against 2014, reported the Azerbaijan State Statistical Committee.
During this period the republic manufactured chemical, pharmaceutical, rubber and plastic products to a total amount of 257.3 million AZN.
According to the statistical data, during 6 months, 2016 there was a growth of production of barium sulphate by 40.3% up to 28,400 tons, propylene by 13.4% up to 27,400 tons, polyethylene by 25.6% up to 48,300 tons, ethylene – by 25.3% up to 49,700 tons and isopropyl spirit by 4.7 times up to 4,526 tons.
The production of paintwork products decreased by 28.6% to 1,340 tons, washing detergents – by 66.4% up to 56.6 tons and iodine – by 0.3% up to 117.7 tons.—0—
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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