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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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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