Increased investment in fixed assets is the demand for building materials market, where in the first half of this year saw an increase in production at the level of 16.8%.
According to the State Statistics Committee, with the beginning of the year the volume of building materials totaled 194.7 million manat. The bulk of this volume accounted for cement. Cement manufacturers for the six months increased production by 39% and brought sales to 1.3 million tons.
It is noteworthy that for other types of construction materials (plaster, brick and asphalt) there has been a definite decrease. In the first half of this year, producers have reported the release of 51,800 tons of plaster (-48.2%), 119,200 cubic meters of brick (-38.2%) and 144,000 tons of asphalt (-19%).
Since the beginning of the year production of building materials increased 5.1%. Last year, a decrease was recorded at 27.5% of the production of construction sand, stone and crushed stone cube. Quarries produced mined sand - 656,500 tons (-32.3%), stone cube - 201 200 tons (12%) and rubble - 742,800 tons (23.3%).
According to the State Statistics Committee, in January-June this year, the retail prices of construction materials rose at an annualized rate of 1.2%. While producer prices increased on average by 0.3%. - 08D-
Economics
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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