In 2013 Georgia imported from Azerbaijan 295,074 tons of oil products to the amount of $275,069,000, reads the report of the Georgian Statistical Service.
During 2013 Georgia imported oil products to the amount of $954,041,000. Thus, Azerbaijan ensured 28.89% of import of the country in this category.
According to the report, during a year import of oil products from Azerbaijan by Georgia decreased by 17.83% (by 45,048 tons). In 2012 Georgia imported from Azerbaijan 341,022 tons of oil products to the amount of $335,053,000. During this period specific weight of oil products in the total volume of products imported from Azerbaijan constituted 43.2%
In 2013 Georgia imported products to the amount of $638,011,000 from Azerbaijan. During this period the volume of import from Azerbaijan to Georgia increased by 0.7%. In 2012 Georgia imported Azerbaijani products to the amount of $633,054,000.—0—
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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