During the past seven months, more than four-fifths (83.8%) of the total volume of construction work was carried out by private companies.
In absolute terms, this segment of the economy by August 1 amounted to 3 billion 579.5 million manats (minus 21% compared to the same period last year), according to the information on the official website of the State Statistics Committee.
About two-thirds (65.5%) of the executed works are directly related to the construction, reconstruction and expansion, 17.3% - to the overhaul, and 5% - to the current repair. The remaining 12.2% belongs to the category of "other construction works." --17D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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