Cigarette imports down 41%

The seventh ministerial meeting aimed at implementing the "Agreement on Strategic Partnership in the Field of Development and Transfer of Green Energy" between Azerbaijan, Georgia, Hungary, and Romania was held in Tbilisi on May 15.

Azerbaijan has recorded a notable increase in the volume of transported goods and cargo turnover in the first quarter of 2024. According to the State Statistics Committee, 7 million 980.6 thousand tons of goods were transported along the transport corridors traversing the country, marking a 5.3% rise compared to the same period last year. Cargo turnover reached 3 billion 233.8 million tons-km, up by 9% year-on-year.

During the first four months of 2024, there was a tendency for the Azerbaijani economy to increase investments in fixed assets. According to the State Statistics Committee, investments reached 5 billion 230.4 million manats during this period, marking an 11.8% increase compared to the same timeframe last year.

Azerbaijan's retail trade turnover increased by 3.3% in real terms during the first four months of this year, reaching 17 billion manats, compared to 16.4 billion manats in the same period of 2023, according to official statistics.