In January and February of this year, according to the State Customs Committee (SCC) the transfer to the state budget of 209 million 530 thousand manat was provided. This is 6.5% more than in the same period last year.
According to the SCC, in February of this year, the amount of customs duty was reduced in comparison with the previous month more than twofold to 15 million manat. Last month, customs officers provided customs fees mainly due to VAT - 82.5 million manat or 78% of the total customs revenue.
Within two months SCC provided transfer to the state budget of 14% of the funds provided for this year. To implement the plan (1 billion 590 million manat), the customs officers have to collect 132.5 million manat per month. Meanwhile this figure is 104.5 million manat. -----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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