In January of this year production of building materials in Azerbaijan amounted to AZN 8.8 million, by 53.6% less than in January last year, the State Statistics Committee (SSC) told Turan.
Last month it produced 101.200 tons of cement, by 46.9% less than in the same period of 2015. In cement plants of the warehouses accumulated up to 61.400 tons by 1 February. The enterprises of the warehouses have over 10.3 million tons of masonry materials (cement and artificial blocks and bricks.) This is approximately by nine times greater, than was produced in January. The gypsum manufacturing decreased by (-22.6%), lime – by (-31%), bricks – by (-28.8%), a concrete solution by (-52.9%). The decline of the sector of construction materials production is accompanied by a similar trend in the real estate market, where there is a reduced need. --08D--
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review