The automotive market analysts predict that since April the import of cars in Azerbaijan significantly reduced. However, the trend fall in the supply has been observed since the beginning of this year.
According to the State Customs Committee, in January- February this year were imported 11,998 units of passenger cars, up 858 or 6.7 % less than in the comparable period of 2013. Delivery fell as buses and vans (56 units or minus 73%), trucks (894 units - 13%) and special equipment (79 units - 40%).
Since April, comes into force environmental standard for vehicles Euro- 4 .
Experts believe that in this regard, reduced imports of used vehicles, the share of which in 2011 amounted to about half of the cars are imported.
Ecologists suggest impose a tax for luxury cars, which will help reduce both imports and unloading roads. - 08D-
Economics
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The monopolists of the Azerbaijani internet services market, LLC Aztelekom and LLC Baktelekom, have agreed to raise the minimum monthly internet package price from 18 AZN for 40 Mbps to 25 AZN for 100 Mbps starting August 15. Explaining the new price, these companies want to convince the public that the price has dropped since the internet speed will increase by 2.5 times, thus reducing the cost per Mbps from 45 qapik to 25 qapik. There is no information about the technical innovations in the company that will ensure high traffic speed.
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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