Amendments to the law "On State Duty" have come into force. The President of Azerbaijan signed the decree yesterday.
According to the amendments, the state fee for the renewal and restoration of business licenses will not be charged now. In addition, for those who work in the capital and throughout the country, the cost of the license is set at a standard level determined by the Ministry of Economy and Industry. Those who work exclusively in the regions will pay half of the established tariff (with the exception of regional broadcasting).
And another laxative change is that those who want to do business in several types of licensed business activities will pay a license fee for only one item with the highest standard tariff. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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