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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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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