![Production of Cigarettes Decreased by 86.4%](https://turan.az/resized/./turan-750-500-resize.webp)
Production of Cigarettes Decreased by 86.4%
For two months the volume of production of cigarettes in Azerbaijan amounted to 68.9 million pieces, which is 86.4% less than for the comparable period of 2016, the State Statistics Committee reports.
IA Turan appealed to OJSC European Tobacco-Baku (ETB) for comment on the reasons for the sharp decline in production volumes. However, the company, which accounts for the bulk of local production, refused to talk on this topic.
In 2016, the volume of production of cigarettes in Azerbaijan amounted to 1 billion 652.4 thousand units, of which 65 million pieces (3.9% of production) was exported.
According to the State Customs Committee, for two months of this year cigarettes worth $ 15.8 million were imported, up 9.7% over the same period last year. Unlike the previous time, the SCC did not disclose the report on the number of imported cigarettes. For the entire year of 2016, 9.3 billion cigarettes were delivered from abroad.
The State Statistics Committee estimated that for two months of this year, the retail prices of cigarettes in Azerbaijan decreased by 5.3% compared to January-February 2016.
According to the State Committee for Standardization, Metrology and Patents, cigarettes of Baku Blue, Azeri Blue and Prima brands are produced in ETB. ----08B
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review