During 10 months of 2012, the trade turnover between Azerbaijan and EU countries amounted to $ 11,291 million (41.2% of the foreign country portfolio). The volume of imports and exports to the EU declined compared with the same period last year to 27.7%, Turan was told in the State Customs Committee of Azerbaijan.
During the past period of this year Azerbaijan exported goods to the EU for a total of $ 9.2 billion (46.6% of exports), which is 30% less than the same period last year. Total cost of goods imported to Azerbaijan from these countries amounted to $ 8 February billion is 15% less than in the same period of 2011 ode.
The imports from the EU declined due to France, from where in the 10 months of this year, delivered were goods worth $ 138 million, while in the same period last year the figure was $ 490 million. - 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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