In the first eight months of this year the volume of foreign trade operations of Azerbaijan amounted to 11 billion 330 million US dollars, which is 25% less than in the comparable period of 2015, reported the State Customs Committee.
In January-August exports ($ 5 billion 790 million) from Azerbaijan decreased 37%. The volume of imports in terms of value got closer to the export figure ($ 5 billion 540 million (-6.2%).
Since April, the imports of goods have varied between $ 710 million and $ 780 million per month. In August, imports increased in comparison with July by $72 million, while exports – by $ 501 million.
Since the beginning of the year the share of oil sector in the export of goods amounted to 87% (in 2015 - 88%).
The volume of exports of non-oil products this year amounted to $ 755.7 million, $338.6 million less than in January-August 2015. -----08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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