State Customs Committee, in January-April 2013, sent to the state budget of customs duties and taxes on the total amount of 405.6 million manat. It is up 14.8% or 52.5 million manat more than in the same period last year.
In April alone, the amount of customs duties and taxes amounted to 116.1 million manat, of which 100 million manat - the value added tax.
In the structure of customs revenues account for 75.5% of the share of VAT, they told Turan in the SCC.
In 2013, the government raised the forecast of customs dues from 1,200 million to 1,380 bn (+15%). 08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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