![Car Imports Fell by 14.4% in July](https://turan.az/resized/750/500/resize/media/2015/main/081700126394.jpg)
Car Imports Fell by 14.4% in July
In July of this year, Azerbaijan imported 1,836 units of vehicles, which is 14.4% less than in June (2145). It is reported by the State Customs Committee.
Experts say that the number of shipments from abroad cars declining for several reasons: reduced oil revenues, business activity and household income, an increase from the beginning of this year, excise tax rates on imported cars, high compared with world prices for fuel, etc.
Since the beginning of the year were delivered 19,467 vehicles for various purposes, which is 18,871 units less than 7 months of 2014.
During the mentioned period were purchased from abroad 17345 units of passenger cars, roughly half (17 273 units) is less than in January-July last year. Part of the car was purchased by the state.
In this year it was purchased 660 buses, three times more than in the first seven months of 2014. The government in the wake of the first European Games Baku purchased abroad hundreds of buses for athletes and visitors. Several of them are now runs from downtown to Baku International Airport. The remaining buses are in the garage of Ltd. Baku Bus.
Recall that in 2012, Azerbaijan was delivered 101,255 vehicles (including passenger cars - 89 652), 2013 - 104 385 (94 879), in 2014 - 63 368 (57 615). -
From the beginning, Ganja and Nakhchivan automobile factories implemented assembly of 1,552 motor vehicles (tractors, utility vehicles, trucks and passenger cars). --08D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review