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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In November, the State Tax Service fined 608 entrepreneurs who received payments for goods and services from clients' bank cards directly to their personal bank cards. Similar reports of fines for card-to-card transactions were issued by the Tax Service in October. The agency clarified that these violations were identified during monitoring activities at retail and catering establishments in Baku.
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Azerbaijan has undertaken significant regulatory reforms to advance its digital and transport sectors, President Ilham Aliyev announced on Thursday, signing a decree amending the regulations governing the activities of the Ministry of Digital Development and Transport.
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The Ministry of Agriculture of Azerbaijan has announced the return of its renowned fair, "From Village to City," which will take place from December 21 to 30 in Baku. The event, held in the Narimanov district near the "Ganjlik" metro station, will provide farmers with a platform to sell their products directly to consumers, bypassing intermediaries.
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From December 1, 2024, the State Oil Company of the Azerbaijan Republic (SOCAR) has commenced gas deliveries to Slovakia under an agreement reached in November with SPP, Slovakia's state-owned energy firm, SOCAR announced in a press release.
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