The Group Veyseloglu announced price increase for imported and locally produced food and so forth goods, noting that it is a necessary measure due to the devaluation of the manat, and not an artificial increase in prices.
The company’s report says that the prices of imported goods increased by 30%, and those of confectionery produced by the plant Ulduz in Baku - by 20%.
Veyseloglu Ltd. operates since 1994. The company is the exclusive representative and distributor of over 100 companies from 20 countries including Wrigley, Colgate, Vesta, Orion, Sutas, Sunar, Pinar, Bonduelle, Ankara, etc. --08D
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review