In August 2015, Azerbaijan imported 1,680 vehicles, which is 8.5% less than in July (1,836). It is reported by the State Customs Committee. This comes against the backdrop of the fall of the overall economic activity in the country.
Since the beginning of the year 21,147 vehicles have been delivered for various purposes, which is 22,149 units less than in the same 8 months of 2014.
During this period, purchased from abroad were 18,820 passenger cars, which is more than two times less than in the comparable period last year (39,198 units).
There were also delivered 686 buses, three times more than in the first eight months of 2014. Half of these buses were purchased by the state budget and they served athletes and fans during the first European Games in Baku in June this year. Ltd. Baku Bus reports (http://bakubus.az/) that some of these buses already work on three routes, while the rest will be commissioned in the first half of November.
According to the SSC, since the beginning of the year in the automobile assembly plants in Ganja and Nakhchivan assembled 1,719 vehicles (tractors, utility vehicles, trucks and passenger cars). --08D--
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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