The trend of reduction in imports of motor vehicles continued in January. Compared with the same month of 2014, the number of imported cars fell by 36.9%, the report by the State Customs Committee says.
In this case, due to the I European Games to be held in June, the state's share in the supply of buses and cars is growing. Only for the needs of the police more than 700 cars have been purchased in Europe.
In January, 4,090 vehicles were delivered to Azerbaijan. It is 2,387 units less than in January 2014 and 3,039 units less than in January 2013. It is expected that this year the purchase of vehicles abroad will decrease more rapidly as the excise rates on them have increased this year. Experts also note the reduction of operations in the secondary market vehicles.
Note that in January the import of 3,870 cars was declared. This is 34.7% (2 055) less than in January last year.
Also purchased abroad were buses - 66 (+51), trucks - 146 (-366) and motor vehicles of special purpose - 8 (-17).
In 2014 Azerbaijan imported 63,368 vehicles, which is 39.3% (41,017) less than in 2013.---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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