Russia's share in imports of cars into Azerbaijan is decreasing every year, and this is mostly caused by the introduction of environmental regulations on emissions of pollutants from motor vehicles in 2012.
According to the State Statistics Committee , in 2013 Azerbaijan dealers and distributors supplied 8,398 Russian cars with total declared value of $ 69 million. This is 10.3 % of imports of new cars in the country last year .
In the recent past , the figure was 50%. In 2007 from Russia to Azerbaijan was delivered 15195 cars, reported Russian Trade Representation in Baku. According to the SCC, in 2007 Azerbaijan was delivered over 34 thousand cars with a total value of $ 278.9 million.
Russian cars are declared to customs at an average of $ 8220. This is 0.4% more than in 2007.
The main importer of cars from Russia to Azerbaijan is JSC Khazar-Lada, one of the shareholders is the Russian Auto VAZ.
According to the environmental standard Euro 4 that entered from April 1st and is applicable to motor vehicles, cars made in 2013 and later can be delivered from Russia. --0--
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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