In 2014, Azerbaijan imported raw tobacco and tobacco products, totaling about $ 400 million, which is 117.8% more than in 2013, according to the State Customs Committee.
The share of tobacco products in the structure of imports last year amounted to 4.45%, 1.29% more than in the previous year.
If we assume that after the payment of customs duties and taxes, as well as wholesale and retail markups the total value of tobacco products will reach about $ 700 million, the per capita consumption of cigarettes in Azerbaijan without local production will be approximately $ 72.5 per year.
Last year the local production of cigarettes also increased. According to the State Statistics Committee, there were produced more than 2 billion cigarettes, which is two times more than in 2013. Manufacturers (European Tobacco-Baku and Cahan Tobacco) rated their products to 24.3 million manat, which is 66.6% more than in the previous year.
It is noteworthy that over the past two years, the retail price of cigarettes in Azerbaijan is growing rapidly. While in 2013, smokers paid 11.5% more for a pack of cigarettes, in the past year, prices rose by another 13.6%. ----08B
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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