The State Statistics Committee has published a report on investment in local industry from January to May. Overall, this segment received 2 billion 475.4 million manat (+ 16% as of 1 May last year), or 50.8% of all financial investments in country's economy.
The majority (85.65%) were investments in the extractive industries - 2 billion 120.1 million manat (+ 18.7%). In water supply, purification and recycling there was invested 161.7 million manat (minus 9.4%), in the processing industry - 152.1 million manat (an increase of 2.1 times), and in the production of electricity, gas and their distribution - 41.5 million manat (minus 57.7%).
In addition, in transport and warehousing there was invested 492 million manat (+ 46.7%), in information and communications - 129.2 million manat (an increase of 3.5 times), in housing construction - 357.3 million manat (an increase of 2.7%), etc. --17D-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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