In January of this year, the foreign trade turnover of Azerbaijan, which was carried out with 195 countries of the world amounted to $ 2 550.2 million, which is 1.76% higher than a year earlier. Trade surplus was about $ 1.2 billion.
According to the State Customs Committee, in January of this year, Azerbaijan exported goods totaling $ 1 922.7 million is 4% more than in the same period of 2012. More than half of exports accounted for by the EU (over $ 1 billion). The share of public sector in the export portfolio is 95% ($ 1,826 million).
For the period indicated, the country was supplied goods totaling $ 627 million is 4.5% less than in January 2012. Imports from EU countries amounted to $ 218 million, or 34.7% of imports. The public sector accounts for 28.8% of imports. The lion's share of exports - is energy. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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