The devaluation of the Turkmen manat and other Central Asian currencies shattered export opportunities of domestic sugar producers nearly twofold in January of this year.
According to the State Statistics Committee, the production of sugar cubes and granulated sugar decreased in comparison with last year's January by 98.8% - up to 0.8 thousand tons. Partially reduced the production of some other export products: margarine - by 7.7% - up to 2.2 thousand tons, and jam and marmalade - 4.2% - up to 7,423.1 tons.
In general, food and tobacco products, as well as drinks throughout the country were made in the amount of 207.4 million manat with a drop of food products by 9.6%, while the production of beverages increased by 8%, and tobacco products - by 48.9 %. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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