According to the State Statistical Committee of Azerbaijan, for 10 months the amount of building materials produced was 378.1 million manat (+ 20.9% to November 1 last year).
In absolute terms, this was 2,448,200 tons of cement (+ 39.7%), 30,000 cubic meters of concrete structures (+ 43.5%), 344 800 tons of asphalt (+ 3.3%) and 1,451,900 tons of ready-mixed concrete (growth by 26%).
For other positions there was shortfall in comparison with 2013 - plaster was produced in 158,800 tons (minus 28.6%), plus 4,236 tons of processed marble, travertine, alabaster and articles thereof (minus 71%), construction bricks - 236,900 cubic meters (minus 27.3%). --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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