In the crisis in 2016 in Azerbaijan 5746 units of vehicles were delivered, which is 4.6 times less than in 2015.
The statistical analysis shows that car imports fell to historic lows in the past 15 years.
In 2016 was purchased abroad were 4,991 new and formerly used cars, which is 18,774 less than the previous year. Imports of buses and minibuses (96) decreased by 8.5 times, trucks (571) - 3.4 times, and machinery (88) - 2.7 times.
According to the State Customs Committee, 63,368 vehicles were imported in 2014, 104,385 in 2013, and 101,255 in 2012.
According to independent experts, the decline in imports of vehicles is due to internal objective reasons: economic decline, reduced incomes, savings on luxury goods, including expensive cars, etc. ----08D
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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