Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Friday January 22 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Share of private sector in industry hits 78.4 pct in 2020

28 September 2020 19:00 (UTC+04:00)
2 915

By Ayya Lmahamad

The share of the private sector in Azerbaijan's industry sector amounted to 78.4 percent in the period between January and August, local media has reported.

Moreover, the share of industrial products in the total volume of production was 85.7 percent, while the share of industrial services was 14.3 percent.

Furthermore, cost of goods and services produced in Azerbaijan in the industrial sector amounted to AZN 19.7 billion ($11.5bn) during the period of January-August 2020, which is by 3.4 percent less compared to the same period of 2019.

Some 74.3 percent of industrial production falls on mining, 22.8 percent on processing, 2.1 percent on production, distribution and supply of electricity, gas and steam, and 0.8 percent in the sector of water supply, waste treatment and recycling.

Likewise, as of September 1, stocks of finished products at industrial enterprises’ warehouses amounted to AZN 311.4 million ($183.1M), taking into account reserves created in previous periods. In addition, at the warehouses of industrial enterprises there were other products purchased from other enterprises and intended for sale in the amount of AZN 85 million ($49.9M).

The volume of production in Azerbaijan’s non-oil and gas sector increased 13.6 percent during the period between January and August in 2020. However, the decline in the industrial production was due to the decline in production in oil and gas sector by 4.9 percent, and increase in the non oil and gas sector.

---

Follow us on Twitter @AzerNewsAz     

  • #INDUSTRIAL ENTERPRISES
  • #PRIVATE SECTOR

Related News

Agriculture receives most of concessional loans

Agriculture receives most of concessional loans

31 July 2019 16:23
Concessional financing supports private sector

Concessional financing supports private sector

25 April 2019 11:01
Russian minister talks on establishment of joint industrial enterprises in Azerbaijan

Russian minister talks on establishment of joint industrial enterprises in Azerbaijan

9 April 2019 10:04
Private sector key to formation of innovation ecosystem in Azerbaijan: expert

Private sector key to formation of innovation ecosystem in Azerbaijan: expert

27 June 2018 17:50
Plant on lubricating oil output to be built in Azerbaijan

Plant on lubricating oil output to be built in Azerbaijan

30 July 2016 10:26
Projects receive document of investment incentives in Azerbaijan

Projects receive document of investment incentives in Azerbaijan

29 July 2016 14:22
Several Turkmen industrial enterprises provided with gas

Several Turkmen industrial enterprises provided with gas

29 July 2016 11:43
Turkmenistan to privatize large industrial enterprises

Turkmenistan to privatize large industrial enterprises

19 April 2016 12:48
Georgia’s external debt ups by $437.4 million

Georgia’s external debt ups by $437.4 million

5 October 2015 17:28
Education system can see changes

Education system can see changes

25 May 2015 17:40
  • Latest
  • Popular
19:50 • Azercell is always leading with its exemplary service quality
19:38 • Azerbaijan shows footage from Yukhari Abdurrakhmanli village of Fuzuli [PHOTO/VIDEO]
19:27 • Demand for notes of Central Bank of Azerbaijan exceeds supply
19:15 • Azerbaijan developing employment programs for future residents of liberated lands [PHOTO]
19:00 • Changeable cloudy expected on Saturday
18:50 • Azerbaijani gymnasts to take part in European Championships in Switzerland
18:39 • Tutoring activity may be resumed in Azerbaijan soon - minister
18:26 • Education minister talks epidemiological situation in Azerbaijan
18:15 • Russia bans import of tomatoes from more Azerbaijani producers
18:00 • Azerbaijan's PASHA Bank talks government initiatives for restoring liberated territories
17:53 • All preventive measures to be taken in connection with COVID-19 at Azerbaijani schools
17:45 • Minister talks possible date of kindergartens opening in Azerbaijan
17:38 • Azerbaijan-Turkmenistan co-op development serves economic well-being of region - MP
17:27 • Azerbaijan shows footage from Gargabazar village of Fuzuli district [PHOTO/VIDEO]
17:26 • Azerbaijani President declared Nagorno-Karabakh status issue as left in past - MFA's comment on European Parliament's resolution
17:16 • SOCAR Aviation starts supplying fuel to Izmir's airport
17:10 • Armenian opposition rallying in front of parliament building
17:04 • Azerbaijan establishes Agency for Development of Economic Zones
17:03 • UK can help Azerbaijan to demine liberated lands - ambassador
17:00 • Azerbaijan launches criminal case against two foreigners fighting in Karabakh war
12:50 • President Aliyev: Azerbaijani-Turkmen joint energy accord historic [UPDATE]
14:33 • Results of Second Karabakh War hard to accept for Armenia, says Russian expert
11:38 • Pashinyan's confession on Shusha destroys absurd statements of Armenian officials
13:00 • ADY Express starts transport of cargo in covered wagons via BTK
10:59 • Investments in Azerbaijan’s oil, gas sector up in 2020
17:00 • Azerbaijan launches criminal case against two foreigners fighting in Karabakh war
12:17 • "Diary of a Madman" to be staged in Baku
12:00 • Azerbaijani, French FMs mull Karabakh peace deal, ties
12:35 • Azerbaijani MP talks rational bases for positive outlook on country's economy for 2021
10:38 • Memory of Black January martyrs commemorated [PHOTO/VIDEO]
10:19 • 6,790 family members of 2,778 martyrs receive social support payments
13:17 • Mine Action Agency specialist wounded in mine blast in Jabrayil
16:02 • Ecology Ministry to assess environmental damage in liberated lands
13:47 • AGF appoints new coach for Women's Artistic Gymnastics team
13:18 • National violinist performs at music contest in Lithuania
10:00 • MoD releases video from Kalbajar`s Kendyeri village [PHOTO/VIDEO]
11:09 • Azerbaijani FM, Turkmen top officials upbeat about energy accord's regional, international role
15:47 • Baku Slavic University, Russian Cultural Center to expand ties [PHOTO]
14:18 • Culture Ministry shows German-Lutheran church [PHOTO/VIDEO]
15:15 • Ban on tomato imports from Azerbaijan to Kazakhstan under review - Azerbaijani FDA
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved