For two months Azerbaijan was supplied 7.5 thousand cars. This is 43% less than in the same period in 2014.
Within the period purchased from abroad were 7,031 cars, which were 4,967 units less than in the same period last year. It should be noted that this year the government purchased more than 700 vehicles for the needs of the police.
In connection with the organization of the first European Games since the beginning of the year were purchased 119 buses, which will mainly serve the guests of Baku.
This year, there has been about three times the decrease in import of trucks (339 units) and special purpose vehicles (22).
Note that this year in Azerbaijan increased excise duties on imports of motor vehicles. ----- 08D
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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