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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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