. In January-April 2016 the volume of industrial production in Azerbaijan totaled 9.4 billion AZN, which in comparable prices was by 1.1% less than in the comparable period of 2015, the State Statistics Committee told Turan.
At current prices, industrial production actually increased (+0.9 billion AZN). This was due to the rise in price of some industrial products as a result of the devaluation of the national currency in February 2015.
This year, oil production fell by 1.8%, natural gas production – by 9.8%, electricity production – by 7.6%, as well as some other goods processed.
For the four months the following production indexes increased: food products (+ 2.3%), beverages (+ 8.2%), cigarettes (+ 52.1%), electrical equipment (+ 7.8%), finished metal products (+ 36.5%), textile industry (3.5 times), etc.
The volume of production in the non-oil industry in general grew by 4.2%. -----08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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