The turnover of e-retailers in Azerbaijan in January-September 2014 amounted to 4.4 million manat, which is 2.4 times higher than the same period last year, the State Statistics Committee said. Against the background of the total volume of retail trade (by 1 October it was 15.5 billion manat) it is 0.003%.
According to the SSC, 94.9% of the turnover at e-commerce accounted for non-food products. In January-September, mostly legal entities purchased goods in this way from trade outlets mainly belonging to legal entities. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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