In four months of 2016, GDP in Azerbaijan amounted to 16 billion 868 million manats, which in comparable prices lags 4.5% behind the figure for the same period of 2015.
According to State Statistics Committee, the share of the non-oil sector accounts for 61.5% of GDP. At the same time, due to the fall in activity in construction and transport, manufacturing GDP in the non-oil sector fell by 6.8%.
GDP per capita in Azerbaijan for four months amounted to 1,756.7 manats, by 5.6% less than in the comparable period last year. In dollar terms, this equals $ 1122.6.
According to government forecasts, with which the IMF and the World Bank agree, the volume of Azerbaijan's GDP will decline by 3% in 2016. ---08B
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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