The trend of improved post-crisis situation is observed in the production and sale of construction materials in Azerbaijan. The volume of production of almost all building materials in the country has grown.
According to the State Statistics Committee, in 2012, there was produced about 2 million tons of cement, which is 39% more than in 2011. Concrete plants supplied to construction sites 1.191 million tons of concrete. This is 8.6% more than in the previous year.
The volume of production of lime stone (378,200 tons) and brick (248,600 cubic meters) was higher than in 2011 by 2.9% and 1.6%. Also produced was 149,400 tons of gypsum plaster (+49%).
Note that, according to experts, unreported production of building materials is about 50%. This is especially noticeable in the production of sand, limestone, gravel, etc. - 08D-
Economics
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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.
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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.
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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.
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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.
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