According to the monitoring in July, the prices of construction materials decreased on average by 0.3%. This is due mainly to the decrease in prices for timber and wooden planks imported from Russia. Over the last month the wood imported from Russia decreased by 2%, iron pipes – by 3%, wooden boards - by 1.5%, metal coating – by 2%, channels - by 1.5% and galvanized sheets – by 2.6 %. In comparison with the beginning of the year the prices fell by 1.3%, and compared to the same period last year - by 3.0%. During the month, the share of local production in the market amounted to a little more than 52%.
Experts link the decline in the prices, in spite of the activity in the market, with the comparative reduction in the price of timber and metal imported from Russia. Due to the season, the activity in the market will last further. Major changes in the prices are not expected.
Economics
-
The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
-
Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
-
Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
-
After a nearly five-year hiatus, passenger train services between Azerbaijan, Russia, and Georgia may soon resume, with tentative plans set for March or April. However, uncertainty remains as officials in Baku signal a more cautious approach, citing ongoing restrictions on land border crossings.
Leave a review