Growth of taxation for local hotels and hotel-type facilities amounted to 65.9%. According to the State Statistics Committee, these objects have paid taxes to the state budget in the amount of 29,951,300 manat.
According to static report "Tourism and Services in Azerbaijan", in 2008-2013 the local hotels and hotel-type facilities increased tax payments to the state budget by 2.14 times; by January 1, 2014 in the country operated 530 hotels and hotel-type facilities (+3.1% per year.)
Total number of rooms in these hotels and facilities is 16,559 (4.2%), the number of employees - 8 259 thousand (+12.8%). Revenues of hotels and hotel-type facilities in 2013 totaled $171,255,900 manat (11.2%). For comparison - the budget of Georgia last year increased by $730million. --17D—
Economics
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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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A partnership of Azerbaijani companies has submitted an application to participate in the Italian government’s international tender for strategic assets in Italy, Turan reports.
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It is expected that the average Azerbaijani family will allocate a larger portion of their budget to food in 2025, driven by rising social expenditures and increased wages.
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