In January-November of this year Azerbaijan imported 56,804 vehicles, which is 39.4% less than in the same period of 2013, according to the State Customs Committee.
Imported were 51,589 cars, 33,585 units less than in the same period last year.
Indicators dropped in the supplies of other types of vehicles. According to the Customs Committee, in January-November, Azerbaijan imported 310 buses (minus 430), 4,580 trucks (minus 2,420) and 3,252 units of special equipment (minus 447).
Experts say that the downward trend in the supply of vehicles will continue in 2015. This is the result of many economic factors and regulatory activities. For example, the Central Bank has limited the possibility of purchasing cars for bank loans, as analysis showed that borrowers cannot cope with the repayment of loans and interest rates, which reached 15-18% per annum. This leads to painful trials. The government also imposed restrictions on the import of used cars. The country has banned the import of vehicles that exceed the service life of 6 years. And this in turn led to higher prices in this segment of car market. --08B-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review