In the seven months of this year the volume of industrial product in Azerbaijan amounted to 15 billion 771.2 million manats.
According to calculations of the State Statistics Committee, industrial production grew by 3.5%, while, according to the same statistics, the release of industrial goods decreased at current prices by about 9.5 billion AZN or 37.4%.
According to the SSC calculation at comparable prices, industrial product in the non-oil-gas sector grew by 14.7% to 4 billion 377 million manats. During the same period in 2014 the non-oil-gas sector produced goods in the amount of 5 billion 243.7 million manats.
The share of extractive industries in the structure of industrial production amounted to over seven months in 2015 to 63.8%, processing industry - 28.5%, electricity, gas and water sector - 6.9%. -08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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