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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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