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Industrial production fell by 3.9%
From the beginning of 2012, the industrial production in Azerbaijan has totaled 28.5 billion manat. This is 3.9% less than in the first ten months of 2011.
The committee said that industrial production in the non-oil sector rose by 6.8%. The oil sector is experiencing a period of decline, and the first ten months of this year, commercial products in this sector decreased by 5.9%.
However, the mining industry owns more than three quarters of industrial output in January-October 2012. The share of processing industry accounts for 18.6% of the industrial product in the country. - 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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