From the beginning of the year, authorized distributors, as well as private persons brought 24,219 cars to Azerbaijan. It is 27,867 less than in January-October 2014. Experts believe this is a result of objective reasons.
This year the government raised excise duties on imports of motor vehicles. And since last year, there are new, more stringent environmental standards for imported cars. At the same time, market participants point out that the car market has weakened considerably: both the number of imported cars and their secondary market is reduced.
While within 10 months of 2014 Azerbaijan delivered 47,379 cars from abroad, during the same period in 2015 21,497 cars were purchased abroad.
It is noteworthy that the statements of experts about the decline of business activity in the country are also proved by the number of delivered trucks (1,750; - 57.6%) and special equipment (215, -31.1%).
On the occasion of first European Games in Baku this summer the government purchased several hundred modern buses. Since the beginning of the year 757 buses and minibuses have been imported, which is 487 more than in 10 months of 2014. ----08D
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