. In January-September of this year the volume of industrial production in Azerbaijan amounted to 23 billion manat, which is 0.2% more than in the same period last year, the State Statistics Committee said.
According to official data, industrial production grew by 3.6% in the non-oil sector and in the oil sector a 0.2% decline was noted. The share of industrial output accounted for 87.2% of the entire industrial production. The remaining 12.8% was industrial services. The share of private sector in industrial production amounted to 80.6% for the first nine months.
In the structure of industrial production the mining industry provided for 65.7%, and processing provided for 28.2%.
According to SSC, in September compared with August industrial production fell by 8.8%. The decline has been observed since June. ----08D
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review