In Azerbaijan the cost of purchase of disposable syringes, etc. abroad is growing every year. Only in 2015, these imports increased by 0.8% and exceeded $ 10 million.
According to the State Customs Committee, purchased abroad were 131.8 million syringes. One thousand syringes were declared on the Azerbaijani side of the customs border at $ 76, 12.9% more than in 2014.
In recent years, the highest volume of syringes in quantitative terms was imported in 2014 - 147.7 million, twice more than in 2012.
In 2015, the company Dekot Capital new-found in the Shamkir region announced plans for the production of disposable syringes in Azerbaijan. The corporate website of the company noted that, to this end they purchased the necessary equipment abroad. Later, this company merged with SIA Comas, and who knows whether the local production, which will replace the imports, will be established. ----08B
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- Economics
- 30 April 2016 13:03
Economics
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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.
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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.
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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.
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"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.
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