In the first four months of this year Azerbaijan was delivered 12,890 vehicles, which is 13,842 less than in the comparable period of 2014.
During the mentioned period purchased from abroad were 11,740 passenger cars, which were 12,153 less than in the same period last year.
Experts attribute the decline in the number of imported cars to the increase in excise taxes on imports as well as the general socio-economic situation in the country.
Since the beginning of the year 393 buses, 645 trucks, and 112 special purpose vehicles have been purchased.
Recall that in 2012, Azerbaijan was delivered 101,255 vehicles (89,652 of them - cars), in 2013 – 104,385 (94,879), and in 2014 – 63,368 (57,615). ----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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