In 2014, Azerbaijan, where there is no domestic production, was delivered 77 425 pieces of household and laundry washing machines. Commodity unit has been issued at customs on average at $ 122.8, while last year in retail sales the minimum price of this product was about 500 manat (about $ 600).
According to the State Customs Committee, last year, imports of washing machines increased by 20.5%. Total imports in monetary terms amounted to $ 9 million 508.3 thousand (+ 25.4%).
In neighboring Georgia, where the population is two times less than in Azerbaijan, last year the volume of imports of washing machines exceeded $ 44 million, 4.6 times more than in our country. Over the past two years, imports of this product in Georgia increased by 36%. Even in Armenia, where the official poverty rate is 6 times the figure for Azerbaijan (5%), imports of washing machines in 2014 was $ 11 million 25.1 thousand. ----08B
Economics
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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.
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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.
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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.
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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.
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