In the first 11 months of this year, the foreign trade turnover amounted to $ 18.8 billion, which is 34.7% less than in the comparable period of 2014, according to the State Customs Committee.
During the reporting period, exports of goods totaled $ 10.6 billion. This is 48.7% less than in the comparable period in 2014. Purchased abroad were goods worth $ 8 billion 196,100,000, 1% more than in January-November last year.
According to the SCC, in November, exports of goods fell by $ 140.6 million, and imports – by $ 106 million and amounted to $ 854.3 million and $ 756.1 million respectively.
The share of oil, natural gas and petroleum products in the export structure has made 86% since the beginning of the year.
Many experts are of the opinion that the real volume of imports is at least 30% more than the official figures of the SCC. Part of the import is hidden from customs clearance, and prices for many goods are declared at reduced prices. Therefore, the amount of funds for the purchase of goods from abroad is much more than the amount stated by the customs. It is one of the factors adversely affecting the real exchange rate of the national currency. -----08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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