The American Chamber of Commerce in Azerbaijan (AmCham) has presented the sixth edition of the Whitepaper entitled ‘Observations and Recommendations for Business Environment Improvement in Azerbaijan.’ The document presents recommendations to the Government to provide tax incentives for the oil sector in order to attract investment, including foreign investment, into Azerbaijan's economy.
The Chamber recommends using free or reduced tax rates on the priority areas of the non-oil industry and business activities based on international experience.
The Whitepaper shows AmCham suggestions for improvement of customs activities, finance and insurance, information technology, labor and migration, tourism and justice. ----08D
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review