In January of this year the volume of industrial production in Azerbaijan amounted to 1.8 billion manat that is 1 billion manat less than a year earlier. At the same time, the production of goods and industrial services increased in real terms by 1.4%, the State Statistics Committee of the country reported.
Last month 3.7 million tons of crude oil and 1.8 billion cubic meters of natural gas were produced, which is respectively 0.1 million tons and 0.2 billion m3 more than in January 2014.
Due to the reduction in revenue from the sale of oil and gas resources, the share of the mining industry fell to 58.1% in the structure of industrial production, while in January last year it was 72.7% of the industrial sector. Accordingly, the share of processing industry grew from 19.7 to 30.2%.
This trend has also led to changes in the indexes of industrial production in their own division. In January 2014 the share of the public sector in the industry of Azerbaijan was about 18%, while this year the figure has reached 28.5%. ----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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