Ban on Duty-free Gold and Diamonds
The government has officially set a limit for individuals carrying gold and diamonds in their baggage through customs.
The Cabinet decision to amend the "Rules of the simplified movement of goods by individuals not intended for industrial or commercial purposes through the customs border of Azerbaijan" has been published in the official press. According to the document, no more than 20 grams of gold and gold products can be carried through customs for personal use without paying duties from today on. The same applies to diamonds - but not more than 0.5 carats.
The supplement has been included in the list, which features restrictions on cigarettes (600 pieces), alcoholic beverages (3 liters) and fuel for cars provided by the technical passport. --17D-
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review