In the first ten months of this year, Azerbaijan had foreign trade ties with 150 countries for a total of $ 27.4 billion at actual prices. This is 7.9% less than in the comparable period of 2011.
According to the published data of the State Customs Committee, in January-October this year, Azerbaijan exported goods totaling $ 19.7 billion, which is 10.8% less than the same period last year. The total declared value of imported goods amounted to more than $ 7.6 billion or 0.4% more than in the same period of 2011.
Positive balance of trade of the country for the period indicated, to over $ 12 billion
The share of oil and gas in the country's export portfolio was 93.25% ($ 1.4 billion).
State share in the import-export operations considerably prevails over the share of private business. The share of public sector in exports is 94.2%, and imports - 21.8%. - 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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