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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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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