New procedure for crediting hybrid cars - Details

The Regulation on Prudential Standards & Requirements for Credit Risks, including Large Credit Risks approved by the Central Bank will come into force from 1 October

Tesla recalls more than a million cars

Tesla is recalling almost 1.1 million cars in the U.S. due to the fact that the automation of electric windows may not respond correctly to the detection of obstacles.

Toyota closes a plant in St. Petersburg

Toyota closes the plant in St. Petersburg.

BNA plans to organize new pedestrian zones in Baku

The Baku Transport Agency (BNA), subordinate to the Baku Mayor’s Office, plans to organize new pedestrian zones in the capital

Car registration to be carried out in e-form

Number of electric vehicles imported in Azerbaijan for past 8 months

Azerbaijani president viewed newly-built road tunnel in Lachin

President Ilham Aliyev paid a visit to Lachin district on 21 September.

Flights from Russia have increased - tickets to Baku cost 250,000 rubles

The demand for international air tickets is steadily growing after the announcement of partial mobilization in Russia.

Foundation of Agbend Automobile Bridge laid

Fee for passage through Bosphorus Strait to be increased - this will also affect Azerbaijani vessels

The Turkish government is going to double the fee for passage through the Bosphorus Strait from 1 October.

AZN 9.5 million allocated for repair of a motor road

President Ilham Aliyev has signed an order on measures in connection with the overhaul of Dashkesan-Khoshbulag-Astaf road in Dashkesan district.

Russia offers Armenia to open roads with Azerbaijan

The opening of roads and railways between Azerbaijan and Armenia will create conditions for the inflow of about $4.5-5 bn of Russian investments into the Armenian market

Porsche to hold an IPO at end of September

Volkswagen launches the IPO of the sports car manufacturer Porsche.

Khazar-Lada shareholders to gather for an extraordinary meeting in October

The shareholders of Khazar-Lada are to discuss the results of the 1st half of 2022 at an extraordinary general meeting on 20 October.

Azerbaijan imported vehicles for $658 million for Jan-Aug

Azerbaijan imported 49,245 motor vehicles for $657.98 million for the past 8 months.

Term of VAT exemption for hybrid cars to be extended

The Azerbaijani government plans to provide a range of tax benefits for businesses and the population from 2023.

Carriages by road increased in Azerbaijan for past 8 months

Over Jan-Aug 2022, 79.5 million tons of cargo and 892,200 passengers were transported in Azerbaijan by road transport, which has the largest share in terms of traffic volume in the transport sector.

Another AZAL fraud - details

Since 1 September Azerbaijan Airlines (AZAL) has introduced tariff Economy Lite for online booking of air tickets via the Baku-Istanbul and Istanbul-Baku routes.

Automobile production has increased in Azerbaijan

The production of automobiles in Azerbaijan reached 1,389 cars for Jan-Aug 2022.

President allocates AZN 1.7 million for construction of roads

President Ilham Aliyev has signed an order on some measures related to further reconstruction of highways in Yasamal district of Baku.

Baku Metro prepares for payments via QR code