President Ilham Aliyev signed February 22 a decree providing for the expansion of foreign trade, especially exports of Azerbaijani non-oil goods, by means of digital technology. To this end, the Center for the Analysis of Economic Reforms and Communications (CAERC) commissioned to create the portal www.azexport.az section Digital Trade Hub of Azerbaijan.
By means of an electronic assembly taxpayers of Azerbaijan will be able to implement the electronic exchange of documents with foreign partners and to conclude electronic contracts.
Exporters of goods, providing these services by e-commerce will be able to obtain the required authorization, also to fill the export declarations at a single electronic declaration. To provide this functionality, the communication between the government agencies integrated with the portal www.azexport.az will be implemented in real time. Payment for the products provided by this portal will also be provided online.
Non-residents of Azerbaijan will be created the possibility of obtaining a digital signature Asan Imza in embassies and consulates of Azerbaijan abroad.
To realize these works CAERC has been allocated 450 thousand manat. -----08D
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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