In the four months of this year, local manufacturers sold furniture totaling 10 million manat, which was 23% less than in the comparable period in 2014. Taking advantage of this, importers intensified their business.
According to the State Customs Committee, in January-April imports of furniture amounted to $ 43 million, which was 75% more than in the four months in 2014.
According to observations by the State Statistics Committee, from beginning of the year, retail prices of furniture in Azerbaijan rose by an average of 1.5%
The volume of the furniture market in Azerbaijan, according to official data, is estimated at about $ 150 million per year. Approximately 75% of the market belongs to producers from Turkey, China, Italy and others. -----08B
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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