Cashless Payment of Fines to Be Massive
The system Payment ASAN relating to administrative fines has been commissioned. Yesterday the country's President issued a decree approving the Regulations, according to the information on the official website of the President.
The Cabinet of Ministers is given 3 months to bring the previously enacted legal acts in compliance with the decree, as well as 2 months to identify and agree with the President of the technical requirements for connection to Payment ASAN and the rules for the use of this system.
The Ministry of Finance in conjunction with Service ASAN must find new sources of funding for the services.
The decree also provides for sustainable, continuous and secure software to transfer into Payment ASAN real-time decisions on the imposition of an administrative penalty, protocols on administrative violations of traffic rules, photos and video footage of administrative violations identified with using special hardware.
The State Agency for the provision of services to citizens and social innovation under the President of Azerbaijan was established on the basis of Decree №685 dated 13 July 2012 by the President of the Azerbaijan Republic. The same decree created service centers ASAN subordinate to the agency.
The purpose of the structure is saving the costs and time of citizens, courteous behavior and ethics in relation to citizens, increasing the level of professionalism, confidence in building state institutions, increasing transparency, and fight against corruption, greater use of electronic services and institutional strengthening reforms in this area.--17D-
Economics
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The State Oil Fund of Azerbaijan (SOFAR) reported revenues of $4.60 billion from the Azeri-Chirag-Guneshli (ACG) oil field in the January-September period of 2024, a decline of 12.1% compared to the same period last year. In 2023, SOFAR recorded revenues of $5.23 billion from ACG, the largest oil field in Azerbaijan.
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Azerbaijan launched its first trade forum on Monday to highlight the opportunities and challenges faced by small and medium-sized enterprises (SMEs). The forum, titled “Opportunities, Current Situation and Challenges for SMEs,” aims to strengthen dialogue between the public and private sectors while promoting international business cooperation.
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Vahid Magerramov, Head of the Public Association for Support of Agrarian Reforms, has raised concerns over rising consumer prices in Azerbaijan, warning that the inflation trend could have serious economic consequences for the country.
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Silk production in Azerbaijan decreased by 32.9% year-on-year in the first eight months of 2024, reaching 239.4 tons, according to data released by the State Statistics Committee. The decline was attributed to a reduction in the number of silkworm seeds distributed to farmers, reflecting a longer-term trend in the sector's contraction, noted agricultural expert Vahid Maharramov.
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