A representative office of the company British American Tobacco Exports B.V. (Netherlands) has opened in Baku.
According to the Ministry of Taxes, the representative office is located at 43 Mammad Araz Street. It is governed by Kakhaber Benidze, who also heads the Azerbaijani representation of company B.A.T (U.K. and Export) Limited. The representation of B.A.T (U.K. and Export) Limited has been acting in Baku since 1998.
Kakhaber Benidze is also the General Manager of British American Tobacco in the Caucasus and Moldova.
Azerbaijan sells several cigarette brands of BAT. The official distributor of these cigarettes is LLC Crocus ltd. According to unofficial information, this company belongs to one of the members of the Azerbaijani Parliament. -----08B
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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