Baku in the framework of the 7th meeting of the Azerbaijan-Poland Intergovernmental Commission on Economic Cooperation on December 15 will host a business forum, which is expected to involve representatives of about 30 Polish companies, according to the Foundation to encourage exports and investment in Azerbaijan .
During the first 9 months of this year, Polish companies exported to Azerbaijan goods worth $ 49.6 million. Exports of Azeri production in Poland amounted to three times less - $ 13.3 million, reported the State Customs Committee of Azerbaijan. Azerbaijan exports consist mainly of propylene (16,489 tons), nuts (65 tons), fruit juices (590.1 tons), kerosene (204.3 tons) and aluminum plates (16 tons). The range of goods from Poland is much broader and includes more than 550 names. This is mainly food, personal care products, petroleum products, metals, wood, pulp and paper industry, clothing and so on.
It should be emphasized that, as with many other countries, there is a significant difference on the “mirror statistics” of foreign trade relations between Azerbaijan and Poland.
According to the Central Statistical Office of Poland, in 2013, Azerbaijan imported goods worth over $ 20 million, while exports of Polish goods to our country were valued at $ 129,265,000, which respectively 2 and 2.7 times was higher than declared on Azerbaijani customs rates (exports - $ 10.2 million and imports - $ 46.4 million.).
It is noteworthy that Azerbaijan represented by Azerkimya SOCAR exports to Poland propylene that costs an average of $ 604.4, while Poland takes this product at $ 1,275.7 per ton (data for 2013). It is about 13,600 tons of propylene. The deviation is about $ 8 million. –08B--
Economics
-
Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
-
Azerbaijan has witnessed a significant rise in the average nominal monthly wages of salaried workers, with an 8.3% increase recorded from January to July of this year compared to the same period in 2023. According to data released by the State Statistics Committee, the average nominal monthly salary reached 1,002.4 manats, as the country experiences both economic growth and sectoral shifts.
-
The Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, recently hosted a high-level delegation led by Elisabetta Falcetti, the Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). The meeting, held in Baku, focused on key initiatives to bolster the sustainable development of Azerbaijan’s financial sector and expand access to financing for the country’s real economy. Among the most pressing topics was the EBRD's support for Azerbaijan’s ongoing green transition.
-
Recently, the prices of certain food items have increased in Azerbaijan. This is also reflected in the data released today, September 11, by the State Statistics Committee (SSC). It was noted that in August, compared to July, there were price increases in rice, beef, lamb, sausage products, butter, olive oil, and onions.
Leave a review