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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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