In January-April this year the volume of industrial production in Azerbaijan totaled 8.5 billion manat, which at current prices is 22.7% (2.5 bn. AZN) less than in the same period of 2014.
According to the State Statistics Committee, the volume of industrial production in the reporting period grew at stable prices by 3.7%. Statistical growth was achieved due to the increase in output. At the same time producer prices of manufactured goods were increased during the period by an average of 5.7%.
In the non-oil sector, industrial output in comparable prices grew by 10.5% and in the oil sector – by 2.9%, according to SSC.
The mining industry accounts for 62.3% (in the same period in 2014 - 72.5%) and the processing industry – for 28.5% (20.8%), etc. ---08D
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
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.
Leave a review