Daily production and issuance of local currency from January to August this year amounted to an average of 108.096 million manat (in the previous year it was 102 044 000 AZN or minus 5.93%).
According to the Central Bank, from circulation before 1 August there was seized an average of 108.153 million manat (previous year - 102 761 000 or minus 5.25%).
Banks paid for the reporting period 22 916 400 000 manat compared to 21 633 360 000 AZN in the previous year (+ 5.93%) when returning a little higher amount of 22,930,000,000 (+ 5.25% as of 1 August last year). --17D-
Economics
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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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.
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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.
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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.
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