In May, car imports decreased by 9%
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
-
The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
-
According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
-
The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
-
On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
Leave a review