In 2012, the State Customs Committee ensured payment of customs taxes and duties totaling 1,208.3 million manat. This is 0.69% more than projected in the state budget.
In December, the SCC collected 116.8 million manat. This is the highest figure for the past two years. A record collection of monthly revenues to the state budget (170.8 million manat) by the customs was made in December 2010.
In 2011, the contribution of the SCC to the state budget amounted to 1 billion 141 million manats. In 2013, the SCC will bring to the state budget 1,380 mln AZN. The increase in revenue is planned to come from the projected increase in imports. - 08D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review