in November compared to the previous month the prices for building materials in the market fell by 2.3%.
In November, prices fell on stone cubes - 1.1%, sand and gravel - 5.2%, slate - 1.6%, metal tiles - 1.3%, insulation - 10%, iron pipes - 2, 5%, glass - 1.3%, boards - 3.8%, zinc coating – 3%, and rods - 8.5%. Chipboard and fiberboard rose by 1.5%.
Experts link the decline in prices to seasonal passivity. Slowdown in construction has led to the accumulation of surplus materials. In the near future, decline is expected in construction activity, which will lead to new reduction in prices for building materials.
Since the beginning of the year the prices have fallen by 14%, and for the year - by 15.2%. The share of local production of materials in the structure of the market is 52%. - 0 -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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