Amendments to the law "On the status of municipalities" have been approved. Yesterday the country's President signed an executive order.
Recall that on December 16 Milli Majlis adopted amendments by a majority vote, according to which municipalities are prohibited from accepting tax and other payments in cash. The payment operators are local banks, the national postal operator and non-cash payment means.
The changes were made to Article 43 of the Law: "The transfer of local taxes and payments will be carried out by banks, postal operators and other means of cashless payment. Municipalities are prohibited from accepting payment of local taxes in cash."
The amendments entered into force at the beginning of this year .-- 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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