State Customs Committee urged businessmen not to abuse measures to promote business and encourage export-import operations. According to the report the State Customs Committee, some dealers using devaluation of the manat, are trying to avoid the transfer to the state budget of all entitlement funds in the course of import transactions.
According to Mirgasim Vakhabov, the head of the Main Department of the financial and foreign exchange controls of the Customs, whiledeclaring imports the entrepreneurs shall indicate the actual price, first of all fittings and fruit.
Currently, the minimum price for all products have been determined and placed in a database of customs administrations and entrepreneurs can get acquainted with them. However, the head of the State Customs Committee Aydin Aliyev called on entrepreneurs while the clearance of goods to apply directly to the customs authorities and not to use the services of intermediary firms. -03D-
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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