Presidents of Italy and Azerbaijan open a plant for the production of propylene

According to the report of the State Statistics Committee, from January to April of this year, industrial enterprises and private entrepreneurs of Azerbaijan produced industrial products worth 21.1 billion manats ($12.4 billion), which is 13.2% less than in the same period of 2023.

In the first four months of this year, the consumer price index (CPI) saw a slight rise to 100.7% compared to the same period in 2023, signaling a modest increase in overall prices across various categories, according to the State Statistics Committee.

Azerbaijan and Latvia are holding a business forum in Baku on May 13 in order to expand bilateral trade and cooperation, in particular in the agricultural sector.

The Aghdam Industrial Park in Azerbaijan is experiencing significant growth, with investments surpassing 35 million manats and the creation of around 300 permanent jobs, the Ministry of Economy announced. This initiative is part of a broader effort to rejuvenate the territories recently liberated from occupation, enhancing the non-oil sector and local employment opportunities.