In the four months of this year the production of the main types of building materials significantly decreased in Azerbaijan. This is mainly due to decrease in funding from the state budget.
According to the State Statistics Committee, in January-April Azerbaijan made 600,000 tons of cement (-32.2%) and 53,300 tons of rebar (-42.1%).
Decline was recorded in the production of plaster (43.6 thousand tons, - 31%), concrete (118.8 thousand tons, - 67.1%), and bricks (56.5 thousand cubic meters, - 25.4%).
During the first quarter of this year Azerbaijan imported 53.5 thousand tons of cement and cement clinker totaling $ 3.2 million. During this period, it exported 29.6 thousand tons of cement clinker and gained $ 1 million 281 thousand.
In the first three months Azerbaijan exported 57.5 thousand tons of rolled steel in the amount of $ 10.2 million.
Building materials are exported by Gazakh Cement Plant and Baku Steel Company. ----08D
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review