Baku hosts an international conference on Multi-sector Cooperation: the Role of Customs in the Economy in Modern Times."
According to the Chairman of the State Customs Committee (SCC) of Azerbaijan Aydin Aliyev, some individuals circumvent the provisions on customs preferences, and this affects the budget revenues. In connection with which his department has prepared and submitted to the government proposals to tighten up.
Recall, according to the current text of the Customs Code, individuals have the right to import a limited number of goods not intended for production or commercial purposes without the payment of customs duties. The total value envisaged is up to $ 1.5 thousand plus $ 500 for each accompanied citizen who has not attained the maturity age.
The conference organized by the regional office of the International Network of Customs Universities, Baku Higher School of Oil and Academy of State Customs Committee was attended by Member of the Advisory Board of the International Network of Customs Universities Lars Karlsson, Rector of Baku Higher School of Oil Elmar Gasimov, Vice President of BP for Relations with Azerbaijan, Georgia and Turkey, Foreign Affairs and Strategies Bakhtiyar Aslanbeyli and other officials. --17D-
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