During 6 months, 2012 Azerbaijan exported a total of 726,408,027 tons of oil products.
According to the Azerbaijan State Customs Committee, during this period the country's incomes from oil products export totaled $604,027,260. From January to June 2012 average export price of 1 ton of oil products of Azerbaijan totaled $831.5.
Oil products export constituted 4.75% of total volume of the country's export during this period ($12 billion 711,506,660). Export of this product decreased by 19.36% (in money equivalent) against the same period last year.
* Reduction of oil products export is connected with growing consumption at the domestic market of Azerbaijan.-0-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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