Arxiv
The Baku Business Center will host the Azerbaijan-Czech Business Forum on January 17. It will take place in the framework of the visit of the Minister of Industry and Trade of the Czech Republic Jan Mládek to Azerbaijan.
The Foundation for Promoting Export and Investments in Azerbaijan (AZPROMO) said the forum will be attended by representatives of the real Czech sector (agriculture and food industry, finance and insurance, engineering, petrochemicals, energy, glass manufacturing, logistics, construction) and legal companies.
During the first 11 months of 2016, exports of goods to the Czech Republic ($ 214,200,000) decreased by 56.5%. Azerbaijan imported goods from the country in the amount of $ 97.8 million, which is 76.4% more than in January-November 2015. --08D--
Economics
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On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
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In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
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In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
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Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
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