During 6 months, 2016 Azerenerji, state monopoly generating power in Azerbaijan, generated 10.8 billion KWh, reported press office of the company.
From January to June 2015 Azerenerji generated 11.5 billion KWh of power. Thus, from January to June 2016 power generation decline constituted 6.1%.
In June 2016 Azerenerji generated 1.6 billion KWh of power.
Power generation has declined at the power stations of Azerenerji, because of the climate: this year winter in Azerbaijan was milder, than last year. This year there were only several hot days in June.
In 2015 Azerenerji generated 22.5 billion KWh of power.—0—
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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