For five months Azerbaijan produced industrial output of 12.1 billion AZN, which is 0.3% less in comparable prices than in the comparable period of 2015, the State Statistics Committee said.
During the mentioned period, the production of oil in real terms decreased by 0.7%, natural gas – by 9.9%, electricity – by 6.8%, as well as some of the processing industry products.
During the reporting period the share of the mining industry in the structure of industrial production amounted to 64.5%, the manufacturing sector - 28.6%, the production, distribution and supply of electricity, gas and steam - 6.1%, etc.
According to the SSC estimates, for January - May the production of leather footwear decreased by 73.6%, paper and cardboard - 6%, printing products - 7.5%, chemical products - 18.8%, rubber and plastic products - 22.6 %, iron and steel products - 9.4%, furniture - 8.3%, etc.
The government says the economy, including industrial production, is diversified in Azerbaijan. However, the same official statistics do not confirm these thoughts. ----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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