Legal commercial import of mobile phones to Azerbaijan in 2016 amounted to about 461 thousand units. This is more than 5 times higher than the rate for 2015.
The growth in the number of imported mobile communication means is the result of toughening of customs control over importers - dealers of mobile phone manufacturers in Azerbaijan, rather than an increase in the demand for them. Moreover, in 2016, the purchasing power and activity in the country decreased significantly.
The State Customs Committee told Turan that the phones were delivered from China - 305,500 pieces (+ 258,199), Vietnam - 144,152 and Korea – 6,936 pieces (- 8,845).
Last year, the import of mobile phones was declared at a price of $ 41 million 678.4 thousand, 4.4 times more than in 2015. One mobile communication device was declared at a price of $ 90.3. In 2015, the average declared value of one mobile phone was $ 107.4. --08B
Economics
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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.
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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.
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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.
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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.
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