In October, the building materials market faced relative activity. However, in spite of this, during the month, prices for construction materials remained unchanged.
According to calculations by the public association Real Estate Market Participants, in comparison with the beginning of the year, the price difference was 16.7%, and as compared to the same quarter of last year it was 2.0%. Compared to the same period in 2010, prices increased 20.1%. During the month, the share of production in the market was slightly more than 50.2%.
Experts believe that the activity in the building materials market is due to seasonality. This activity will continue for some time, and major changes in the price of construction materials will not occur.
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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