In May this year Azerbaijan imported 3,844 vehicles, which is 9% less than in April (8,339). This is the lowest figure in the last few years from the time of the global economic crisis in 2009.
Analysts attributed the rapid decline in imported vehicles (mainly cars) with application from 1 April this year of the new environmental regulations on emissions of exhaust Euro-4. Supplies of used cars in connection with this requirement significantly decreased.
For five months of this year the country imported 30,576 vehicles, which is 23.1% less than in the comparable period of 2013. The share of passenger cars (27,444) in the structure of imports amounted to 89.7%. Compared with the same period in 2013, the supply of cars decreased at 8,372 units.
Since the beginning of the year there were imported: buses - 151 units (for the same period in 2013, there were 420), trucks – 2,765 (3,035) and special equipment - 216 (440). - 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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