Monitoring carried out in the market of building materials, showed that in June, prices rose on average by 0.5%. The studies revealed that, in connection with the season, the market showed relative activity. Over the last month prices increased for roofing - 1%, glass - 2.4%, nails - 2.7%, boards - 4.7%, wooden boards - 1%, and gypsum boards - 1.7%.
Experts attribute the rise in prices for construction materials in June to the seasonal intensification of the construction sector, as well as rise in price of imported products from Russia. One of the entrepreneurs working in the construction sector said that in the last month illegal "duties" at customs increased. Experts say that the activity in the construction market will continue for some time. In this regard in the coming months there will be increase in prices for construction materials.
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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