In January and February 2015 Azerbaijan made Gross Domestic Product in the amount of 7.1 billion manat, the State Statistics Committee told Turan. At current prices, compared to the same period in 2014, GDP decreased by 1.4 billion manat or 16.5%.
According to estimates of SSC, according to the methodology of calculation of GDP, value added in manufacturing and services as compared with January 2014 increased by 4.2% due to an increase in their volume.
In the field of non-oil sector GDP growth was 5.1%. In this case, due to the reduction of petroleum product, the share of non-oil GDP reached 66.6%.
In January-February, the share of industry in value added was 50%, but this year this figure dropped to 36.3%. -----08D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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