The September industrial production prices in Azerbaijan decreased by 4% compared with August. Most (4.6%) recorded the cheapening of products in the mining sector, including oil and gas production. In this case, 0.5% increased the cost of production of stone, sand, gravel, salt and other products of mining products.
In the processing industry there was recorded a decline in prices by 0.4%. Manufacturing petroleum products (0.7%), chemical products (0.9%), metal products (0.1%) and beverages (0.1%) became cheaper.
Rising prices in the reporting month were recorded in the production of computers and other electronic equipment (4.7%), building materials (0.5%), tobacco products (0.5%), food (0.1%), and wood industry (0.2%). --17D-
Economics
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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