The portal Azexport in January received an order for export in the amount of 4.6 million dollars, the Center for Communication and Analysis of Economic Reforms reports.
The order arrived mainly from Russia, Turkey, Iraq, Bulgaria, Libya, and Moldova.
An order for 4,000 tons of red lentils and 10 tons of peeled hazelnuts was received from Bulgaria. The profit from the transaction will be 80 thousand dollars.
The orders from Iraq and Libya totaled 300 tons of pasta products, which amounted to 180 thousand dollars.
Orders totaling 180 tons of chicken meat came from Turkey, Iraq, Libya, Ghana, and Nigeria. The total cost of the order will be 350 thousand dollars. An order for 20 thousand bottles of lemonade came from Moldova. The total value of the transaction will amount to 20 thousand dollars.
In addition, a proposal from the distributorship to cosmetic companies and wine production came from Russia. Currently, the manufacturing companies have sent probes and information on the cost to the customers.
Through Azexport an order for pomegranate juice distributorship has been received from France. To this end, France has been sent more than 10 probes. ----71D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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