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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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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