In the four months of this year, Azerbaijan produced 561.3 million cigarettes, which was 13% less than in the comparable period of 2014, the State Statistics Committee said. According to the State Customs Committee (SCC), imports of cigarettes also reduced.
Since the beginning of the year the volume of production of tobacco products in the country (manufacturers - JSC European Tobacco-Baku and LLC Cahan Tobacco) amounted to 6.8 million manat, which was 17.7% less than in the same period in 2014.
At the same time, according to the same SSC, for the four months the retail price of cigarettes in connection with increase of import excise taxes grew by 51.4%.
In January-April, Azerbaijan imported raw tobacco and tobacco products worth $ 105.5 million, which was 9.2% less than in the same period last year.
In 2014, Azerbaijan imported 13.3 billion pieces of tobacco products totaling $ 390 million, which was 17.1% more than in 2013. The production also increased by 66.6% and amounted to 24.3 million manat.
Cigarette consumption in Azerbaijan totals 15 billion pieces a year. That makes about 1,500 pieces per capita. ----08B
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review