In January-August this year, the volume of industrial production in Azerbaijan made up AZN 23 million. This is 3.3% lower than in the comparable period of 2011.
The State Statistics Committee told Turan that the share of non-oil sector accounts for AZN 4.2 bn of industrial production. In this sector, production increased for eight months by 7.9%. In the oil sector, because of the decline in mining, the production decreased 5.4%.
The share of mining industry from the beginning of the year accounts for 76.5%, processing industry - 18.2%, manufacturing, distribution and supply of electricity, natural gas and steam - 4.2%, etc. -08D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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