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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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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