In the first quarter of 2015 construction glass, totaling $ 12.3 million were imported to Azerbaijan. The analysis of data on the volume of imports shows that there is a need in supply, while Customs Office indicated higher process compared with the last year.
According to the State Customs Committee, for the entire 2014 a building glass was purchased abroad in the amount of $ 15.6 million.
Last year the laminated insulating was registered at the Azerbaijani customs at an average price of $49.2/m2, and this year - the price $116.1/m2 is indicted. The share of Turkey in the first quarter of 2015 accounted for about one-third ($ 4.4 million) import of glass.
Glass production in Azerbaijan is absent. Last year, the status of a resident of Sumgait Chemical Industrial Park, Ltd. received "AzerFloat", which plans to produce based on the technology "HORN Glass Industries AG" (Germany) 8 million meters of glass per year.-- 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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