Export of products not related to hydrocarbons amounted to $ 844 million in October - said at the conference "The non-oil exports: today's challenges and opportunities" the Minister of Economy of Azerbaijan Shahin Mustafayev.
According to data from the State Customs Committee for the past three quarters, it is 12.9% of all goods for export (all sold abroad 2,511 items of goods in the amount of $ 6 billion 541 million 219.69 thousand, or minus 33.81 % to 1 October of the previous year).
According to the Minister, more than half (54%) of names of goods were exported to the CIS countries and Georgia, 36% - to Turkey, Switzerland, Iran, China, Germany and Italy, and the remaining 10% - to other countries.
Recall, the leader in absolute terms is the European Union - by 1 October it was exported products, mainly crude oil, worth $ 3 billion 638.7 thousand or 55% of the total volume. --17D-
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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