Number of Azerigas’ subscribers totals about 1.93 million
By August 1, 2016 total number of customers of Azerigas (SOCAR’s gas distribution company) reached 1,928,997.
SOCAR reported that in July 2016 the company registered 10,263 new customers from the population, of which 2,417 customers were registered in Baku, Sumgait and Absheron region and 7,846 customers in the regions.
By August 1, 2016 131,257 families of displaced people are supplied with gas on privileged conditions, 365 mosques and other religious objects in Azerbaijan are supplied with gas free of charge.—0—
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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