In January and February of this year, foreign trade turnover was $ 5.6 billion, which is 4.3% more than last year. Trade surplus was about $ 2750 million
According to the State Customs Committee, in January-February this year, Azerbaijan exported goods totaling $ 4 183.8 million is 3.3% more than in the same period of 2012. The share of the EU accounts for 45% of exports ($ 1.9 billion). The share of public sector in the portfolio of exports is 95.3% (approximately $ 4 billion).
For the period indicated, the country was supplied goods to a total of $ 1,433 million is 7.5% more than in January-February 2012. Imports from EU countries amounted to $ 400 million or 28% of imports. The public sector accounts for 31% of imports. The lion's share of exports (93.6%) is energy.
This year Azerbaijan has trade relations with 113 countries of the world. Exported 769 were items of goods and imported - 3 955. Import-export business employs 2.7 thousand businesses. About 2 thousand of them are legal persons, of which 153 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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