In September, the building materials market was relatively active. But in spite of this, during the month, prices for building materials remained unchanged. According to estimates, in September, the average price in the market compared to May fell by 1.2%.
In comparison with the last quarter decline in prices was 4.3%, and in comparison with the previous year, it was 6%. Relatively well with the same period of 2010, prices increased by 20%. During the month, the share of local production in the market for building materials was a little over 50.2%.
Experts believe that the activity in the market of building materials is associated with the season, and reconstruction work in the capital. They believe that the market activity will continue, and a strong rise in prices will not be observed.
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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