Individual construction attracts people more than the purchase of apartments in new buildings.
According to a press release from the Public Association "The market property" in January-July, while apartment prices were down over the month by 1%, the average cost of building materials in Baku increased by 0.14%.
According to the monitoring results of the sampling, covering 87 types of building materials, more than half of which (54%) of local production, the largest increase was in slate - 27.1%, drywall (gypsum boards) - 16.8%, plywood - 2.3%, glass - 0.4%.
Fittings produced in Russia fell by 0.2%, metal coatings - 0.5%, nails - by 0.1%, facing stone - by 0.3%.
Prices of other goods were stable in July, the association said. -17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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