Over seven months of this year Azerbaijan imported 58,258 units of vehicles. This is by 17.6% more than over the comparable period of 2012. According to the State Customs Committee, during this period of the year, officials and dealers, as well as individuals delivered to the country 52,673 passenger cars, by 23.1% more than over the same period of last year.
Due to the activity in the construction sector there is a demand for specialized equipment. The import of tractors, excavators, bulldozers, cranes and other construction equipment totals 556 units, by 6.1% more than over the comparable period of last year.
For other types of motor vehicle imports declined. Since the beginning of the year were purchased from abroad 4,486 trucks (19.9%), buses and vans - 543 (-14.5%.)
Civil society organizations are concerned about the growing number of vehicles in Azerbaijan because of poor level of road infrastructure. In this case, the exploitation term of half of the country's motor park is over 10 years, what leads to a deterioration of the environmental situation in the country.--08B—
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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