In the first eight months of this year, Azerbaijan produced non-metallic building materials totaling 312 million manats, which is 13.7% higher than in the same period of 2014, the State Statistics Committee said.
Cement production for the period amounted to 1 million 828.3 thousand tons, of which 200,000 tons accounted for August. The volume of production grew by 15.1%.
The production of glass fiber also increased (566.6 tons, + 3.1 times), as well as plaster (127.4 thousand tons, + 2%), lime (11.5 thousand tons, + 52.8%), artificial stones and bricks based on cement (100 thousand tons, + 85.5%), etc.
At the same time the production of asphalt, concrete and brick factories decreased respectively by 8.7%, 40.3% and 0.3% -----08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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