Over the first ten months of this year Azerbaijan imported 84,791 cars, this is by 0.1% more than in the comparable period of 2012.
According to the State Customs Committee (SCC), during this period of the year, official representatives and dealers , as well as individuals on the country delivered 76,956 units of passenger cars, which is by 2.8 % more than in the same period last year. Nothing is reported about the structure of their cars.
This year imports of other types of special equipment, buses and trucks has decreased. Since the beginning of the year 737 units of tractors , excavators , bulldozers, cranes and other motor vehicles have been imported; this is by 21.1 % less than over 10 months in 2012. In addition 690 buses and minibuses ( minus 204) and 6,408 trucks ( minus 1587) were imported.
Since January 2014 Azerbaijan revises the minimum requirements for motor vehicles with environmental requirements. It is expected to allow the import of vehicles that comply with the Euro-3 standards. --08D--
Economics
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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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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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