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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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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