January was the most critical month for vehicle providers. During the month they imported only 437 vehicles, 2.6 times less than in the previous month.
According to the State Customs Committee, import of vehicles in January decreased compared with the same period last year (4,090 units) by 9 times.
The total delivered from abroad included 401 cars, 26 trucks, 5 buses and 5 items of special equipment.
Experts believe that the automotive business is a kind of "litmus test" of the economy. Against the backdrop of falling oil revenues, Azerbaijan is facing reduced business activity and income. --08D
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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