In January of this year the State Customs Committee directed to the state budget AZN 97.3 million in the form of customs duties and taxes. This is 28.2 million or 22.5 % less than in December last year .
According to the SCC , in January, the volume of collected customs duties amounted to 19 million manat. This is 54% less than a month earlier. The volume of raised VAT was 73.5 million, AZN 2.1 million less than in the previous month.
Compared with January 2013 the "contribution" of the customs to ensure the state budget revenues increased by 7.8 million manat.
The monitoring of the consumer goods market showed that in January of this year, prices for some imported goods in retail sales increased, which should be reflected in the growth of customs revenue. SCC does not comment on the decline in customs duties.
In 2014, customs officers must provide to the state budget 1,510,000,000 manats. This is 9.4% more than last year . - 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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