Azerbaijan has comparable superiority on about 30 sub-groups of the exported goods. However, they do not refer to finished goods. Turan was told by the Deputy Head of the Public Association "Assistance to Economic Initiatives" Rovshan Agayev.
Based on the results of his research, Azerbaijan is not an exporter of innovative and high-tech goods. In this regard, the expert believes that it allows us to estimate the country's economy in terms of its competitiveness and diversification.
In international trade, used are 1,268 product subgroups. China has a comparable superiority on 560, and Russia - on 150 of them. Comparable superiority is determined by identifying the factors balance in favor of exports of the different subgroups of goods.
According to the State Customs Committee, this year over 92% of exports accounted for by energy. President of Azerbaijan Ilham Aliyev has repeatedly said that the country's economy in terms of competitiveness is one of the leading in the world. According to him, the diversification of the economy, in particular industry, is in full swing. - 08B-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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