President Ilham Aliyev's decree dated 15 December allocated Sumgait City Executive Power AZN 5 million for repair work on the replacement of the roofing of 100 apartment buildings.
The funds are allocated from the Reserve Fund of the President of AR in the state budget for 2015.
This is the second presidential decree on the allocation of funds to the Sumgait Executive Power after changing its leadership on September 2nd. Previously, the EP received AZN 3.7 million from the state budget to replace 76 lifts in apartment buildings belonging to the state housing fund.
This year, funds from the Reserve Fund for capital repairs of apartment buildings have also been allocated to the EP of Mingachevir and Lankaran, as well as Ujar, Goychay, Kurdamir and Khachmaz. --08D--
Economics
-
SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
Leave a review