Baku/06.05.14/Turan : In April this year in Azerbaijan, the official inflation rate was 0.2% . Price growth compared to March eased 0.1%.
According to estimates of the State Statistics Committee , in April, the prices of food and non-food products increased on average by 0.2 % and services - 0.1%.
During April GCS recorded higher prices for rice, lamb , butter , corn and sunflower oils , noodles , sugar, as well as some fruits and vegetables . Last month, a few cheaper chicken, fresh fish, not pasteurized whole milk , eggs , buckwheat and other foods .
In the first quarter, annual inflation was 2%. The government forecasts inflation for 2014 at 3.5 %. Last year, the official inflation rate was recorded 2.2%. - 08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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