During 6 months, 2012 investments in the capital construction in Azerbaijan totaled 5.89 billion AZN. This is up 29.6% against the same period in 2011.
A source from the State Statistical Committee told Turan that the main part of capital was invested into the non-oil sector - 4.23 billion AZN. This is up 30.2% against the same period in 2011.
4.6 billion AZN (+38.8%) of capital invested into the construction sector falls to the local sources. Houses with total area of about 800,000 sq.m., schools accommodating 360 students, kindergartens accommodating 280 children, hospital with 15 beds and etc. were put into operartion.-0-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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