The Gross Domestic Product in Azerbaijan for the first quarter of this year amounted to 12.9 billion manat. The country's economy, compared to the same period in 2012 increased by 3.1%, Turan was told today at the State Statistics Committee.
GDP increased by a recession in the oil sector at the level of 4%. In this case, according to SSC, in the non-oil sector of the economy there was recorded a growth rate of 11.4%. Industry accounts for 6.8 bn AZN or 52.3% of the GDP and the share of agriculture in the first quarter was 2.3% (about 0.3 billion manat).
Manufacturing value added per capita income for January-March 2013 amounted to 1399.6 manat or $ 1,783.4. - 08D-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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