Over the nine months of this year 67,745 vehicles were brought to Azerbaijan, according to the State Customs Committee (SCC), of them 86.8% are imported cars.
According to the SCC, from the beginning, 48,915 new and used vehicles were imported at the declared a total cost of $ 566.7 million. Over the reported period 852 buses ($ 42.9 million) and 7188 truck ($ 171.6 million) were imported to the country.
According to preliminary information, there are about 1,070 vehicles in Azerbaijan. About half of them were imported during the last ten years.
The share of motor vehicles totals 13%.--08D—
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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