In 2014, imports of petroleum products and electricity into Azerbaijan amounted to $ 297.9 million. This is more than two times higher than in the previous year, according to the State Customs Committee.
Due to a technical upgrade of its refineries, Azerbaijan since 2013 began to import high-octane gasoline. There are no data on the volume of its imports in annual terms. For the first nine months of 2014 purchased abroad were 182.9 tons of gasoline, including 64,820 tons of Premium brand sold in Azerbaijan and 504 tons of Super.
In just three quarters of 2014 gasoline imports amounted to $ 204.4 million. The export of gasoline (11,760 tons) for the period totaled $ 9,954 600. ----08B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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