President Ilham Aliyev signed on December 23 a decree amending the Regulation on turnover of goods subject to marking with excise stamps. The document provides for cash payment in the purchase of alcoholic beverages and tobacco products in retail from January 1, 2017.
In December last year the ban was introduced and from January of this year the wholesale and retail sale of goods subject to marking with excise stamps for cash was banned. But this system did not work from the first day. According to experts, this had several objective and subjective reasons: in many shopping sites there were no POS terminals, the buyers had no plastic cards, and several shopping facilities sabotaged the process at all.
Therefore, the Ministry of Taxes, which controlled the process, informally put up with it. And now, a year later, the Presidential Decree was amended. -----08D
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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