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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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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