For the first eight months of this year, Azerbaijan imported 67,226 units of vehicles. This is 18.4 % more than in the comparable period of 2012.
According to the State Customs Committee, during this period of the year, officials and dealers, as well as individuals delivered 60,924 units of passenger cars, which is 24.5 % more than in the same period last year. The number of imported used vehicles was not reported. In previous years, the figure was 50 % for imports.
This year, imports of special equipment (tractors, excavators, bulldozers, cranes and other motor vehicles) totaled 620 units. It is 91 units less than in the comparable period of 2012.
The supply of buses and trucks reduced. In January-August 2012 purchased from abroad were 6,368 trucks and 744 buses, but this year, the figures were respectively 5,060 and 622 units. - 08B-
Economics
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Azerbaijan’s SOCAR Polymer has reported a substantial rise in propylene exports, marking a 65% increase in September 2024 compared to previous months. This surge comes amid a general slowdown in polypropylene exports, which declined by 17.8% over the January to September 2024 period.
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Azerbaijan’s Parliament has amended the country's tourism law to restrict certain industrial activities within tourism and recreation zones, reinforcing environmental protections aimed at sustaining the appeal of these areas to tourists and safeguarding local ecosystems. The new amendment, endorsed by President Ilham Aliyev, introduces Article 19.5 to the “Tourism Law,” specifying prohibitions on industrial operations deemed harmful to tourism areas.
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The Baku-Tbilisi-Kars (BTK) railway, launched on October 30, 2017, celebrates its seventh anniversary, showcasing robust growth in freight transportation. According to Azerbaijan Railways (ADY), BTK, a vital link within the Middle Corridor, increased its annual freight capacity from 1 million tons at its inception to 5 million tons following modernization work completed in May this year.
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, announced on social media platform X that a high-level session of the Baku Initiative on Climate Finance, Investment, and Trade (BICFIT) is scheduled for November 14 during COP29.
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