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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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