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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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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