Chenot Palace went into management of PMD Hospitality

The Azerbaijan Banks Association (ABA) announced that, in accordance with the recommendations of the Central Bank of Azerbaijan and in collaboration with the Azerbaijan Microfinance Association (AMFA), all outstanding credit obligations of the victims of the Azerbaijan Airlines (AZAL) flight Baku-Grozny, which crashed on December 25, 2024, have been fully written off by banks and non-bank credit organizations. This initiative was entirely funded by the respective financial institutions.

The Cabinet of Ministers of Azerbaijan has approved regulations for maintaining a unified registry of grants received on behalf of the state or government. The decision, made on January 7, 2025, aligns with amendments to the country’s grant laws and aims to ensure transparency, systematic management, and effective reporting of grants.

Azerbaijan Airlines (AZAL) has announced the cancellation of its scheduled Baku-Kazan-Baku flight on January 8, citing the closure of airspace over Kazan due to the implementation of the "Kovyor" plan.

Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).