During 8 months, 2014 Georgia has imported 566,000 tons of oil products, up 10.5% against the same period in 2013, reported the Georgian Union of Oil Products Importers.
The same source reported that from January to August Georgia imported 240,000 tons of petrol and 326,000 tons of diesel fuel.
In 2014 the greatest volume of gasoline and diesel fuel import falls to Romania – 192,800 tons, which makes 34.1% of the entire volume. Then come Azerbaijan with 145,700 tons (25.7%), Bulgaria – 87,800 tons (15.5%), Greece – 70,800 tons (12.5%), Russia – 42,200 tons (7.5%) and Turkmenistan – 25,000 tons (4.4%).
According to SOCAR, during 8 months, 2014 it exported 629,600 tons of diesel fuel and 745 tons of petrol. Petrol is exported only to the Georgian market. One can draw conclusion on the basis of this data that from January to August 2014 SOCAR sold 145,000 tons of diesel fuel and 7000 tons of petrol at the Georgian market. This year SOCAR sold 484,600 tons of diesel fuel at other foreign markets.—0—
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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