Baku/25.04.20/Turan: Daily losses of the country's economy reach 120-150 million manat, Economy Minister Mikayil Jabbarov said on April 25 at a briefing by the Operational Headquarters of the Cabinet of Ministers of Azerbaijan. As a result of downtime, even large enterprises can face problems, he noted.
From April 27, Azerbaijan will begin to partially mitigate the quarantine regime. However, the Coronavirus threat will affect the situation for a long time, said Jabbarov,
He did not rule out that with the re-introduction of quarantine measures, the loss of entrepreneurs will be more widespread, including bankruptcy.
The Minister promised state support to entrepreneurs in April and May in the form of credit and tax breaks.
In turn, Deputy Minister of Economy Sahib Alekperov said that for the payment of unemployment benefits of 190 manat, the presence of a taxpayer identification code (TIN) does not matter. According to him, cases of refusal on this basis can be considered in the case of citizens’ applications. -0-
Economics
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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Azerbaijan's Energy Minister Parviz Shahbazov has traveled to Italy to participate in the inaugural ministerial meeting of the World Fusion Energy Group (WFEG), scheduled for November 6, 2024, in Rome. The event will be co-chaired by Italian Prime Minister Giorgia Meloni and International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi.
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Azerbaijan has introduced a new national standard for Environmental, Social, and Corporate Governance (ESG), officials announced during a briefing organized by the Small and Medium Business Development Agency (KOBİA) at the “Baku SME House.” The event featured Ilham Bayramov, Director General of the Azerbaijan Institute of Standardization (AZSTANDART), and Natig Hasanov, First Deputy Chairman of KOBİA, who provided media representatives with detailed information on the standard's benefits for businesses.
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