In 2010, the National Entrepreneurship Support Fund (NESF) declared an AZN 3 million soft loan to build an enterprise for the production of baby food with an annual capacity of 2 thousand tons. It took six years since then, but it is unknown if this plant started working.
Only in 2015 Azerbaijan imported 2,857.5 tons of baby food, which is 5.3% more than in the previous year. Official expenses of the importers amounted to more than $ 22 million, the State Customs Committee shows.
It should be emphasized that the exporters (the Netherlands, Austria, Poland, Russia, Germany, Turkey and Georgia) declared the export of baby food to Azerbaijan in 2014 for $ 21.8 million. This is $ 8.3 million more than it was declared by the Azerbaijani customs.
In total in 2011-2015 the official costs of baby food importers accounted for $ 93.7 million.
Baby food is subject to obligatory certification in Azerbaijan. Today these certificates belong to Kasp-VC, Humana Azerbaijan and Dincer and Carcioglu, according to the State Committee for Standardization, Metrology and Patents.
Recall that NESF reported (http://anfes.gov.az/files/Hes_2010.pdf) the adoption of the decision on financing the project on construction of a baby food production enterprise on February 2, 2010. Investors of the project totaling 13 million AZN were the state-run Azerbaijan Investment Company, LLC Diplomat-1 and HIPP.
Currently, HIPP has an enterprise for baby food production in Georgia.
Below is the data on the volumes of baby food imports in 2011-2015 (based on the State Customs Committee of Azerbaijan):
|
Packaged baby food 2015 |
tons |
2,858.57 |
22,009.55 |
|
Packaged baby food 2014 |
tons |
2,713.4 |
13,489.9 |
|
Packaged baby food 2013 |
tons |
2,870.2 |
21,595.8 |
|
Packaged baby food 2012 |
tons |
2,351.1 |
18,947.5 |
|
Packaged baby food 2011 |
tons |
2,199.1 |
1,7675.2 |
08D
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review