The share of four neighbors of Azerbaijan accounted for 80% of car transit
Insurance companies - members of the Bureau of Compulsory Insurance (BCI) concluded 916,744 agreements on the liability insurance of vehicle owners to third parties in 2012.
According to the report of the Bureau, of these about 225 thousand contracts occurred in transit. As expected, the largest number of vehicles crossing the border, are registered in Turkey, Georgia, Russia and Iran. The share of the four is 79.95% of the total flow of foreign cars.
Table of transit traffic that crossed the Azerbaijan in 2012
Number Country Number of transport units
1 Turkey 73831
2 Georgia 53985
3 Russia 32543
4 Iran 19144
5 Germany 10813
6 Ukraine 7768
7 South Korea 7143
8 Japan 3648
9 USA 2865
10 Belarus 1244
11 Bulgaria 1073
12 Other countries Less than a thousand for every 10 470
Total 224 527
- 17D-
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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