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
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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