In the first nine months of this year, producer prices for manufactured goods in Azerbaijan grew by an average of 16.4%, with the greater role played by the oil: in comparison with the same period of 2015 the prices of goods of extractive industries jumped by 18%, the State Statistics Committee said.
In January-September 2016 prices rose by 10.8% for the processing industry products. In the sphere of production, distribution and supply of electricity, gas and steam the prices increased by 7%, water supply and waste treatment – by 4.2%.
In May this year the decision of the Tariff Council raised the tariffs for the use of water and provision of sanitation services, and in July the tariff was raised for the use of electric power.
On a monthly interval (September to August) producer prices in metallurgy industry increased by 9.7%, production of construction materials - 1.9%, oil products - 3.3%, cigarettes - 2.7%, food - 0.5% clothing - 0.4%, and drinks - 0.8%. -----08D
Economics
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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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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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