The State Statistics Committee published data on gross domestic product in the last 7 months. As of August 1, the volume of GDP totaled 32.1 billion manats (minus 1.87 billion compared to the same period last year).
The rate of growth in non-oil sector of the economy was at the level of 9% at the beginning of the year, while in the oil sector it was 1%. In general, the increase by 1 August was 5.6%, the information on the website of SSC reads.
In July, the combined GDP increased at 5.8 billion manats. At the same time, by 1 August the non-oil sector accounted for 68% of GDP (essentially due to the expensive cost of infrastructure projects in the transfers from SOFAZ and private foreign investment inflows). --17D-
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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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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