Italian shoemakers arrive in Baku
The hotel Four Seasons in Baku will host an exhibition catalog of Italian shoemakers Shoes from Italy on October 3-4. In Azerbaijan people appreciate Italian shoes, a pair of which cost the customers 250 manats as a basic price.
The exhibition is organized by the Agency of Trade Promotion and Internationalization of the Italian Embassy in Azerbaijan. The Agency told Turan their products at the exhibition will feature 15 companies - CALZATURIFICIO, CAMERLENGO, CALZATURIFICIO KING, CONS.MODA MARCHE RUSSIA, EXITALIA, GIANMARCO LORENZI, GIANNA MELIANI, IMAC, etc. The aim of the exhibition is to establish a business relationship with the prospect of exports and, perhaps, production of Italian brands in Azerbaijan.
According to the State Customs Committee of Azerbaijan, in 2012 from Italy were purchased commercially 24.9 thsd pairs of shoes with a total declared value of $ 1,131.2 thousand. A pair of shoes was estimated at customs in the amount of $ 45.4. - 08B -
-
- Economics
- 26 September 2013 17:05
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review