Decision of the Board of the Ministry of Economy on February 6 " for simplification of export procedures," the term of the certificate of origin for exported goods from Azerbaijan was reduced from three to one day from the date of appeal.
The fee for the provision of the Ministry of Economy of the certificate of origin is 20 manat. To obtain this certificate, the Ministry of Economy requires from the applicant seven documents (http://goo.gl/TnfUKZ).
In addition, On December 1 the Tariff (Price) Council of Azerbaijan has defined maintenance fee by the Office of examination of consumer goods (one of the structures of the Ministry of Economy) for the examination of local products in terms of their origin. Depending on the type of goods (agriculture, chemical industry, mechanical engineering, etc.), weight and cost indicators, examination (http://goo.gl/UDecXg) costs for exporters from a minimum of 0.10 to 280 manat, and more.
According to the State Customs Committee, in 2015 Azerbaijan exported 2477 names of the goods, which is by 15% more than in the previous year. --08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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