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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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