The Maserati showroom opened in Baku, on Ataturk Avenue today. These Italian cars, as opposed to mass-produced goods, are exclusive brands, which are produced not more than 10,000 units per annum.
The official representative of the car company in Azerbaijan, Crystal Motors offers customers two models of Maserati - GranTurismo Sport and GranCabrio Fendi. In Baku, the models are, respectively, 160,000 and 140,000 manat. According to the Maserati brand manager in Baku, Huseyn Makhmudov, this year GranTurismo Sport was released only in 50 copies. Azerbaijan is the only country in the former Soviet Union, where motorists can see this model
Crystal Motors Company is also a distributor of Jaguar, Range Rover, Land Rover, as well as the motorcycle Ducati.-0--
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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