In 2014, Azerbaijan imported 63,368 vehicles, which is 39.3% (41,017) less than in 2013. It is expected that this year the import of vehicles will decrease at least a third.
Last year Azerbaijan tightened restrictions on emissions by motor vehicles into the air through the establishment of higher environmental standards (Euro-4). In addition, more stringent tariffs on day parking were introduced. And this year the government to increase budget revenues has applied higher rates of excise duties on imported cars.
According to the State Customs Committee, in 2014 Azerbaijan were imported 57,615 new and used cars. This is 37,367 (39.3%) less than the previous year.
Purchased abroad were buses - 345 (minus 482), trucks – 5,054 (minus 2,769) and motor vehicles of special purpose - 354 (minus 502). ----08DE
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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