The State Customs Committee as of December 24 collected 2 billion 228.6 million manat to the state budget. This is by 23.2% or 419 million manat more than the annual forecast plan, the SCC press service said.
In comparison with 2015 the entry of customs duties and taxes increased by 637.8 million manat or 40.1%.
The increase in customs revenue is linked to the devaluation of the national currency relative to the US dollar since December 2015 by approximately 55%, as well as the legalization of imports. -----08D
Economics
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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Consumer prices in Azerbaijan surged significantly in October 2024, underscoring the impact of both local and global inflationary pressures. According to the State Statistics Committee, the Consumer Price Index (CPI) for October 2024 reached 103.4% compared to the same month last year. Key categories contributing to the rise include food, beverages, and tobacco, which increased by 2.6%, non-food items by 2.1%, and paid services by a substantial 5.8%.
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Laszlo Fritsch, General Director of the Hungarian MVM CEEnergy, expressed to journalists in the corridors of the Istanbul Energy Forum on November 22 his opinion that Europe cannot maintain its energy security solely through the expensive liquefied natural gas (LNG) supplied to it and should not abandon competitive gas from Russia and Azerbaijan.
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