Prices of industrial products changed
Industrial output in July rose in price by 4.1%.
However, as reported by the State Statistics Committee, in comparison with the same period last year, the decline in prices was 5.2%.
In the mining area of prices in July fell ore prices of precious metals (2.5%), and on the stone, sand, gravel, salt and other products of extractive industry - 0.3%. The price increase was recorded in July on the production of oil and natural gas (4.8%).
In the processing industry slump in prices took place in July in the manufacture of tobacco products (5%) in the installation and repair of machinery and equipment (2.2%), in manufacture of fabricated metal products, except machinery and equipment (1.8%), building materials (1.1%), electrical equipment, jewelry, music, sporting goods and medical equipment (0.6%).
Also, the decline in prices was registered in the beverage industry, rubber and plastics (0.5%), printing and food products (0.4%), wood products and wood products (0.2%), machinery and equipment (0.1 %).
The rise in prices in July was observed in the production of chemical products (2.8%), leather and leather products, footwear products and iron and steel industry (2.2%), textiles (1.6%), paper and cardboard (1.2%) and clothing (0.9%), oil (0.8%), furniture (0.3%), computers and other electronic equipment, trailers and cars (0.1%). - 17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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