President Ilham Aliyev approved the rules regulating the turnover of goods marked with excise stamps in the territory of Azerbaijan.
The rules are developed in accordance with the Tax Code of Azerbaijan and define the necessary conditions and requirements for the turnover of excisable goods in the country.
Excise stamps should be put on drinking alcohol, alcoholic beverages, including beer, and tobacco products.
Export outside the industrial building, export and sale of the marked goods is subject to the implementation of the activities of a licensed owner.
Selling marked excise goods (excluding retail) is carried out exclusively on the forms of strict reporting.
The rules determine that the payment on the sale or purchase of marked alcohol products for the purpose of sale by cash is not allowed. Thus, from the 1st January 2016 consumers will have to reserve payment cards. ----08D
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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