In the first half of the year the volume of industrial production and services amounted to 16.9 billion manat, which is 2.4% less than in the comparable period of 2013. However, only industry in June decreased by 6.7%.
According to the State Statistics Committee, in January-June, the volume of production in the mining industry (12.3 billion manat) decreased compared to the same period in 2013 by 2.7%, including the oil and gas industry – 2.5%. In the processing industry (3.6 billion manat) production declines since April and in the first half of the decline was 4.8%.
In the non-oil sector was achieved 4.2% growth.
Since the beginning of the year the production included tractors - 603 units (+46%), plows - 569 (+17.6%), trucks - 125 (-15%) and cars – 1,321 (+4.2 times). - 08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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