During January and February of this year the volume of industrial production in Azerbaijan amounted to 3.7 billion manat, which at current prices by 31.5% (1.7 billion AZN) was less than in the same period of 2014.
According to the State Statistics Committee, the volume of industrial production for the period increased at stable prices by 2.3%. In other words, the amount of released industrial goods grew at comparable prices.
The mining industry accounts for 59.9% (over the same period in 2014 - 71.6%), processing industry - 29.2% (21.1%), etc.
It is noteworthy that for the first time in many years, the share of the private sector in industrial production declined. In January and February, the figure was 72.8%, while in the same period in 2014 the share of the private sector in industrial production was 80%.
Economics
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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