The volume of imports to Azerbaijan in March 2016 amounted to $ 849 million or $ 307 million more than in February, according to the State Customs Committee.
The month trade deficit amounted to $ 291.5 million. That is the highest rate for the whole period of petrodollars flow from the beginning of the 2000s. In December 2015 imports exceeded exports by $ 206.7 million.
In total in the first quarter of this year the volume of foreign trade of Azerbaijan amounted to $ 3.6 billion. That is 38% less than in the comparable period of 2015. Goods for $ 1 billion 780.6 million were exported (-47.3%). The trade deficit amounted to $ 45.3 million. --08D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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