Baku/19.12.13/Turan : Within 11 months of this year Azerbaijan imported 93,686 units of vehicles. This is 0.9% more than in the same period in 2012 ( 92,828 ) . Only in November were imported 8,895 units of vehicles.
According to the State Customs Committee , so far this year, officials and dealers , as well as individuals on the country delivered 85,174 units of passenger cars (November -8218 ) , which is 3.6 % more than in the past 11 months year.
This year, the decrease in import of motor vehicles for special purposes, buses and trucks . From the beginning, imported 772 units of tractors , excavators, bulldozers , cranes and other motor vehicles, which is 22.6 % less than 11 months in 2012 . Also imported were 740 buses and minibuses (minus 256 ) and 7,000 trucks ( minus 1631) .
Since January 2014 in Azerbaijan the transition to Euro- 3 standard on environmental requirements for motor vehicles . This is expected to affect the volume of imports of used cars to the downside . - 08D -
Economics
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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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