Azerbaijan's foreign trade turnover in the first six months of 2015 compared to the comparative period of 2014 decreased 28.94% to $ 10.930 billion.
During the reporting period, exports decreased by 44.59% to $ 6.231 billion. Imports grew by 13.64% to $ 4.698 billion.
Customs fees were $ 765,337,000. They included customs duties - $ 215,874,000, VAT - $ 498,457,000, excise taxes - $ 41,468,000, and road tax - $ 9,535,000.
During the first half of 2015 residents and non-residents of Azerbaijan conducted trade operations with 138 countries. This was 12 less than in 2014.
Foreign trade operations involved 4,823 individuals and legal entities, including 2,803 legal entities and 2,020 individuals. Among the entities the private sector significantly dominated – 2,610 persons. -0-
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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