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’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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