For the first quarter of this year in Azerbaijan's industrial production reached 8,553 million that in comparable prices by 1.8% less than in the same period of 2012.
The share of non-oil sector in the industrial production index with over 1.64 billion manat was 19.2%. In the non-oil industry saw growth of 2.9%, while in the oil sector, on the contrary, the decline at the same level, the State Statistics Committee told Turan.
The share of mining industry accounts for 6.4 bn AZN or 75% of industrial production. Since the beginning production in this area has decreased compared to the first quarter of 2012 by 3.8%.
In the processing industry produced goods worth 1.6 billion manat, which is 10.4% more than in January-March 2012. The production of food products increased by 0.9%, beverages - 17.1%, tobacco products - 11.8%, clothing - 31.1%, leather, leather products and footwear - 79%, paper and cardboard - 5, 2%, oil products - 14%, chemical products - 0.6%, construction materials - 62%, furniture - 3.4 times. - 08D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review