In the first quarter of the year state budget enterprises were rendered services in the amount of 2.6 million manat (+ 36.8%), the State Statistics Committee said.
The total volume of public utilities and telecommunication services in this segment amounted to 32.2 million manat (minus 4.2% as of 1 April of the previous year). In absolute numbers, it looks like this. Most of the funds went to energy consumption - for 306.1 million KW / h 18.3 million manat (minus 12%), for 5.4 million cubic meters of water - 4.4 million manat (minus 11.8% ), for 64.1 thousand Gcal of thermal energy - 1.8 million manat (+ 0.9%), for 51.1 million cubic meters of natural gas - 5.1 million manat (+ 10.1%).
Earlier, Turan reported the unpaid debt of state budget organizations to provide their utilities and telecommunication services was 8.2 million manat or almost a quarter (25.5%) of the total value. The largest debts were on electricity - 4.8 million manat and for natural gas - 1.7 million manat. --17D-
Economics
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The Eurasian Development Bank (EDB) is actively exploring the possibility of expanding its shareholder base to include neighboring countries such as Azerbaijan, Turkmenistan, and Mongolia. This was announced by EDB Chairman Nikolai Podguzov at a press conference on December 5, 2024, where he emphasized the importance of expanding the bank’s membership to foster sustainable growth.
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In 2023, the trade turnover between Azerbaijan and Turkey reached $7.5 billion, aligning with 50% of the target set by both nations, which aims for $15 billion in future bilateral trade. This milestone was shared by Barış Altıparmak, the World Turkish Business Council representative for Azerbaijan, during a meeting of the Eurasian Council of the organization in Baku.
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Azerbaijan's President Ilham Aliyev signed a decree on Thursday to establish the Nakhchivan Industrial Park in the Nakhchivan Autonomous Republic, aiming to foster competitive production and bolster entrepreneurial growth.
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SOCAR and Yokogawa Electric signed a Memorandum of Understanding (MoU) on Thursday to enhance their collaboration.
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