According to the State Customs Committee, from January to October 2013 89.6% of Azerbaijan’s export fell to oil and oil products.
The Committee reported that during this period 84.66% of Azerbaijan’s entire export fell to crude oil and 4.93% to oil products.
Oil export increased by 0.93%, while oil products export decreased by 7.05% against the same period last year.
Reduction of oil products export is connected with the fact that demand in automobile fuel increased by almost 10% at the local market.
In 2012 export of Azerbaijan oil and oil products constituted 90.16%. Last year 84.63% of Azerbaijan’s entire export fell to crude oil and 5.53% to oil products.—0—
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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