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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In a significant move to bolster its financial capabilities, Azerbaijan's state-owned energy company SOCAR has signed an agreement with Italy's Intesa Sanpaolo bank. The pact, which underscores growing cooperation between the two entities, marks a step forward in securing financial resources for SOCAR's ambitious projects, including its ventures in green energy.
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In the first 11 months of 2024, Azerbaijan experienced a robust recovery in its tourism sector, with 2.41 million foreign and stateless individuals visiting the country, marking a 27.4% increase compared to the same period last year, according to the State Border Service. This growth reflects Azerbaijan’s increasing appeal as a travel destination, bolstered by diversification in source markets and improved transport infrastructure.
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Azerbaijan’s industrial sector showed resilience in 2024, with total production in January-November reaching 58.3 billion manat, a 1.1% increase compared to the same period in 2023, according to the State Statistics Committee. While growth was driven by robust gains in the non-oil and gas sectors, the report underscores a gradual but notable shift in the country’s economic priorities and production dynamics.
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According to the State Statistics Committee (SSC) of Azerbaijan, the country's Gross Domestic Product (GDP) from January to November 2024 reached 113.3 million manats. In the same period of 2023, GDP was recorded at 110.2 million manats. Thus, GDP increased by 2.81% compared to the corresponding period in 2023.
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