Baku/16.05.14/Turan : In April this year were imported to Azerbaijan 4221 vehicle , which is about two times less than in March ( 8339 ) . The sharp decline in imports is caused by using vehicles from the 1st April of new environmental regulations on emissions of exhaust Euro-4.
For four months 26,732 vehicles were delivered to the country from abroad, which is 13% less than in the comparable period of 2013. The share of passenger cars (23,893) in the structure of imports amounted to 89.3 %. This percentage is proportional to the figure for the same period last year (27,700) .
Since the beginning of the year was also imported: buses - 148 (for the same period in 2013 -335), trucks – 2 496 (2 356) and special equipment - 195 (305). - 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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