Within two months of 2016 through the State Customs Committee transferred to the state budget 243 million 262 thousand manats, according to the agency. This is 16% more than in the comparable period of 2015.
The growth of customs fees was reached in the reduction in the volume of imports, the main source of customs revenue.
However, please note that in the past year AZN underwent double devaluation. Experts note that customs duties and taxes are charged in dollars, and payments are made on them in the national currency.
Independent experts estimate that if the tax base amounted to 15.4% of the import volume, but this year the figure is no more than 13% in January-February 2015. ------08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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