As of September 1, customs officials gathered for the state treasury duties and taxes of 766 million 949.81 thousand manat, which is 3.4% higher than in the same period last year. Of this amount, AZN 108 million 91.27 thousand was received during August.
Most of the charges came in the value added tax - AZN 502,519,190, excise duties allowed to replenish the state budget by 44 million 332.64 thousand manat, and road tax - 10 million 991.56 thousand manat. Customs duties brought the treasury 209 million 106.42 thousand manat. - 17D-
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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