Baku / 03.10.17 / Turan: According to the results of 2016, the net loss of Azersu OJSC amounted to 612.921 million manat, the company said in its financial statements for 2016.
Compared to 2015, the loss increased by 11.3%.
Revenues of Azersu from services to subscribers amounted to 159.837 million manat, which is 14.9% more.
The assets of Azersu last year decreased by 6.9%, amounting to 608.345 million manat, and the liabilities decreased by 1.9%, amounting to 970.125 million manat. -----71D
Economics
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According to the State Customs Committee, food import expenditures in Azerbaijan rose by 10.2% in the first ten months of 2024 compared to the same period last year, reaching a record $1.97 billion. This increase, driven by growing demand for vegetables, fruits, tea, rice, and animal products, highlights the country's rising dependence on imported food despite government efforts to boost domestic agricultural production.
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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