In June, Azerbaijan received 340 vehicles, 151 less than in May.
According to the State Customs Committee, in January-June 2,573 cars were purchased abroad, 15,067 or 6.8 times less than in the comparable period of 2015.
Since the beginning of the year, 2,222 passenger cars, 39 buses, 252 trucks and 60 units of special equipment have been delivered.
The automobile market in Azerbaijan is experiencing a serious crisis. In connection with reduction in the volume of imports difficulties appeared in many automotive companies, representatives of foreign cars. The situation is complicated also because of the problems in the banking sector, which due to the financial crisis virtually stopped lending to car sales. -08D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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