In the first ten months of this year 74,855 cars were delivered to Azerbaijan. This is 15.3% more than in all of 2011.
The total declared value of cars amounted to $ 663 million. In other words, one passenger car to keep the fees and taxes is recorded in the customs for $ 8,857.
Since the beginning of the year, the country imported 84,667 vehicles, the State Customs Committee told Turan. For the period indicated, the country received about 900 buses ($ 44.5 million) and about 8,000 trucks ($ 185.5 million).
According to preliminary data, in Azerbaijan there are about 1 mln.125 thousand vehicles (including equipment).
The share of motor vehicles ($ 970 million) accounted for 12.6% of Azerbaijani import in January-October 2012. - 08D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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