First in the South Caucasus, the known auto dealerships and accessories brand Ferrari opened in Baku at U.Hajibeyov, 57. The capital of Azerbaijan became the 62nd center of the world, introducing this luxurious car brand.
The opening ceremony was attended by senior dealership representatives of Ferrari's head office in Italy. According to them, the level of economic development and welfare of the population are the reasons for enthusiasm to cooperate with the company Autolux in Baku.
This year, the luxe brand Ferrari will be offered in showrooms in Moscow, St Petersburg and Almaty. Autolux-Azerbaijan LLC is an authorized dealer of Ferrari in Azerbaijan. The company was founded in October 2012 Azerbaijani investor. The authorized capital is 11 million manat.
Autolux manager Ali Akbar Tahiri said that in the showroom are presented 6 models of Ferrari. Car prices in Baku are up from 300 000 to 400 000 manat. But if you want the customer can order and exclusive models , prices and which can reach 1-2 million manat, he said. It is predicted that in the year motorists in Azerbaijan will order from 5 to 30 cars Ferrari.
In the world there are 0.5 billion of Ferrari car lovers, not all of which can afford to drive it. Therefore, the company offers them a touch of Ferrari products by brand - men, women and children's clothing, accessories and gifts.
Ferrari in Baku is offered with a 7- year warranty. Service for maintenance of these vehicles and their spare parts are available in Baku. - 08C-
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- Economics
- 16 May 2014 16:16
Economics
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In a significant step towards advancing economic reforms, Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with a delegation led by Charles Donald, Chair of the OECD Working Party on State Ownership and Privatisation Practices and CEO of the UK Government Investments Agency. The meeting underscored Azerbaijan's partnership with the Organisation for Economic Co-operation and Development (OECD) and explored new avenues of collaboration.
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Azerbaijan is finalizing work on the "E-KOB evi" digital portal, aimed at streamlining business operations and enhancing coordination between entrepreneurs, state agencies, and private entities, Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), said.
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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