For eight months of this year, Azerbaijan had foreign trade relations with 146 countries of the world for a total of $ 21.8 billion, which is 7.6% less than in the comparable period of 2011.
According to the published data of the State Customs Committee, in January-August this year, Azerbaijan exported goods totaling $ 15.8 billion, which is 11% less than in the same period last year. The total declared value of imported goods amounted to more than $ 6 billion, or 3% more than in the same period of 2011. Thus, the positive trade balance of the country for the mentioned period was $ 9.8 billion.
The share of oil and gas in the country's export portfolio was 93.4% ($ 14,782 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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