Latvia: butter price reaches its maximum

The price of butter in Latvia has reached its maximum, said Competition Council chairman Skaidrite Abrame. “Prices in Latvia have definitely reached the peak. Alternatives for imports of cheaper butter are being considered,” Abrama said, adding that butter in Estonia was at least 20-30% cheaper. Abrama also notes that prices for butter have grown considerably…

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Azerbaijan to supply more wine to China

Azerbaijan, taking credit for being one of the world’s oldest wine growing countries, intends to expand the export of wine to China, the world’s second-largest economy. The issue was the key topic of talks between local winemakers and the trade representative of Azerbaijan in China, Teymur Nadiroglu. Nadiroglu informed entrepreneurs about the Chinese wine market,…

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Azerbaijan: external debt over $7 billion

Azerbaijan’s external debt stood at $7,172.6 million (12,208.5 million manats) as of July 1, which accounts for 18.9% of the country’s GDP, said Azerbaijani Ministry of Finance. The statistics on borrowings include direct liabilities of the Azerbaijani government and contingent liabilities for loans attracted under state guarantee. Azerbaijan’s external debt consists mainly of funds raised…

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