In the first quarter of this year, foreign trade turnover amounted to $ 8,556 million, up 8.3% from a year earlier. The foreign trade balance amounted to about $ 4 134.6 million
According to the State Customs Committee, in January-March this year, Azerbaijan exported goods worth a total of $ 6,345 million is at 8.65% over the comparable period in 2012. The share of the EU accounts for 47% of exports (about $ 3 billion). The share of public sector in the portfolio of exports is 94.7% (approximately $ 6 billion). The lion's share of exports (92.7%) - is energy.
During the mentioned period, the country was supplied goods worth $ 2.2 billion, which is 7.6% more than in January-March 2012. Imports of goods from EU countries amounted to $ 618 million, or 28% of the imports. The public sector provided 29.2% of the imports.
This year, Azerbaijan had trade relations with 124 countries of the world. Exported 961 Name of goods and imported - 3432. Import-export business employs 3,248 business entities. More than 2.3 million of them are legal persons, of which 176 belong to the public sector. - 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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