In January-March this year, the volume of industrial production in Azerbaijan amounted to 5 billion 792 million manat, which at current prices was by 29% (2 362 million AZN) less than in the first quarter of 2014.
According to the State Statistics Committee, the volume of industrial production for the period increased at stable prices by 3.9%. In other words, the statistical growth was achieved due to the increase in output.
In the non-oil sector, the volume of industrial production amounted to 1 billion 850,700,000, which in comparable prices was by 9% more than in January-March 2014. In March, the industrial production increased compared to February by 12.8%.
The mining industry accounts for 58.7% (over the same period in 2014 - 71.8%), and the processing industry - 30.9% (21%), etc. -----08D
Economics
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
-
Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
Leave a review