. In 2016 the volume of industrial production in Azerbaijan totaled 32.3 billion manat, which is 0.4% less than in comparable prices, than in 2015, the State Statistics Committee said.
At current prices, industrial production grew by 23.2%. It is connected with rising crude oil stock exchanges, increased tariffs for electricity, drinking water, as well as rising prices for goods processing industry in Azerbaijan.
According to the SSC, the volume of industrial production in the non-oil sector grew by 5%, while in the oil sector it decreased by 1.1%. Oil production fell by 1.4%, and natural gas production – by 3.9%.
The share of extractive industries with the structure of industrial production in 2016 was 65.4%, processing industry - 28.2%, production, distribution and supply of electricity, gas and steam - 5.6%, water supply and sanitation and waste management - 0.8 %. ----08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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