In September, prices of construction materials rose by an average of 1.6%. This regarded channels, DSP, pipes, fittings, slate, glass, laminate flooring, and foam. Compared to the beginning of the year, prices rose by 7.5% and in comparison with the previous quarter by 6%. Experts estimate that in the last month due to the season has been an increase in demand by 5%. During the month, the share of local production in the market exceeded 52%.
Experts attribute the rise in prices of construction materials to seasonality. Entrepreneurs engaged in the building materials market explain the increase in prices of building materials, "September-October are months suitable for repair. In these months, increasing demand for repair and, therefore, prices of construction materials are soaring. "The seasonal activity in the market will continue, although major changes in the prices will not be observed."
Economics
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Natural gas currently meets 23% of global primary energy needs and plays a critical role in driving economic growth, improving living standards, and achieving environmental goals, according to Mohammed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF). He spoke during the second joint meeting of the GECF and OPEC at COP-29.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, outlined ambitious plans for the growth and digitalization of the Middle Corridor during a ministerial roundtable on "Sustainable, Digital Middle Corridor" at COP29 on Monday.
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The Trump administration may seek to reduce U.S. funding for the International Energy Agency (IEA) or appoint a U.S. envoy to influence the agency’s methodology on fossil fuel forecasting, according to S&P Global Commodity Insights.
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BAKU, Nov 20 (Reuters) - The United Nations COP 29 climate summit in Baku is unlikely to conclude on its scheduled date of Nov. 22, as key agreements, including the New Collective Quantitative Goal (NCQG) on climate finance, remain unresolved, two informed sources told Turan.
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