In March of this year Azerbaijan imported 541 vehicles, which is the highest figure for the first three months of this year, the State Customs Committee.
Observers note that Azerbaijan's economy as a whole is experiencing a recession, and in some of its areas attempts are undertaken to resist and rise. The official representatives and dealers of world motor producers in the country are experiencing serious difficulties with imported cars implementations.
In January of this year 437 cars were delivered to Azerbaijan and in February 384 cars were imported.
In the first quarter the volume of imports of motor vehicles amounted to 1,362, which was 8,763 less than for the comparable period of 2015.
This year, 1,235 cars were imported (for the comparable period of 2015 there were 9,256), along with 19 buses and minibuses (203), 97 trucks (500) and 11 special vehicles (76). ---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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