Record deficit registered in Turkiye's foreign trade

At the end of January, a record deficit was formed in Turkiye's foreign trade, ABC.AZ reports, referring to the Turkish statistical organization (TÜIK).

Kazakhstan closes its trade representation in Russia

The authorities of Kazakhstan have closed their trade representation in Russia

Another duty canceled in Azerbaijan

With the entry into force of the Law on Food Safety, a legal framework has been formed for many innovations, a registration system has been created in accordance with international requirements.

Italian restaurants in the UK refuse from tomatoes

Italian restaurants in Britain refuse from tomatoes due to rising prices and lack of product

Azerbaijan imported over 2,000 tons of starch for Q4 of 2022

Azerbaijan imported 2,366 tons of starch for $1.45 million in the 4th quarter of last year (1.2% more in value terms versus Q4 of 2021 and in quantitative terms – 29% less).

10 IKEA analog stores may open in Moscow in 2023

The Belarusian analogue of IKEA, the manufacturer of Swed House, may open 10 stores in Moscow in 2023

Azerbaijan-India trade turnover grew 2.5-fold

India will study the business potential in the sphere of trade of chemical products with Azerbaijan.

Azerbaijan increased import of air conditioners in 2022

The import of air conditioners in Azerbaijan in 2022 increased by 35.5% (against 2021) up to 202,864 air conditioners for $65.1 million (a rise of 59.4%).

Opening of Trendyol representative office is possible in Azerbaijan

Discussions will be held regarding Turkish platform Trendyol, which has the largest online sales base in Azerbaijan.

Changes made to procedure for reviewing applications from credit institutions

Amendments have been made to the procedure for reviewing applications from banks and non-bank credit organizations for inclusion in the register maintained by the State Customs Committee

Changes made to rates of customs duties on export-import operations

Some goods imported into the country by legal entities or individuals (residents of the Mingachevir Hi-Tech Park) who carry out business activities without forming a legal entity are exempt from customs duties in the next two years.

Azerbaijan increases supply of alcoholic beverages to Russia

Azerbaijan has increased the volume of alcoholic beverages exported to Russia by more than 10 times in 2022

Azerbaijan imported fertilizers for about $5 million in January

Azerbaijan imported 6,400 tons of fertilizers for $4.9 million last month.

Azerbaijan’s retail trade turnover grew by 20.2%

The volume of retail trade turnover in Azerbaijan in 2022 will amount to AZN 52.17 million.

Shoe production in Azerbaijan grew 2.9-fold

Azerbaijan produced output in the textile industry, clothing, leather and leather products, shoes for AZN 46.6 million for January 2023.

Azerbaijan's exports to Israel grew by 53.7% in January

This January, the trade turnover between Azerbaijan and Israel amounted to $238 million (1.5-fold, or $83.4 million more than in January 2022)

A new mechanism for refund of overpaid taxes

The State Tax Service under the Ministry of Economy has developed a new mechanism for returning overpaid amounts of taxpayers to the State Budget.

Beverage production grew by 24% in January

Output and services for AZN 1.328 bn were produced and rendered in the manufacturing industry for January 2023.

Growth rate of food prices exceeds growth rate of household incomes

The growth rate of food prices in Azerbaijan exceeded the growth rate of household incomes in January 2023.

Meat in Azerbaijan gets more expensive again

A kilogram of meat has risen in price from 12-13 up to 14-15 manats in districts of Azerbaijan.

Azerbaijan's exports to Germany totaled $95 million for January

This January’s trade turnover between Azerbaijan and Germany reached $160.6 million ($58.5 million less than in January 2022)