In the first ten months of this year the number of participants of foreign trade activities in Azerbaijan declined compared to the same period of 2008 by 29.5%. The fact of narrowing the range of participants in imports and exports was presented, according to official data of the State Customs Committee.
According to the SCC, for ten months foreign trade operations involved 7,919 individuals and legal entities. More than half of them (4,296) are individuals. They accounted for $ 481 million, or 1.7% of foreign trade in January-October 2012. Foreign trade involved 3,623 private companies. According to the same source, for 10 months of 2008, import-export operations involved 4,045 legal entities and 7,180 individuals. The share of individuals in foreign trade transactions reached 5.3% ($ 426.8 million).
In 2003 individuals (3,945), owned 8.5% of Azerbaijan's foreign trade. Total active operations in overseas markets involved 6,756 businesses and individuals. - 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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