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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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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