In January, the State Customs Committee contributed 173.9 million manat to the state budget, which is 70.3 million manat or 67% more than in January 2016.
Growth of customs revenues year on year is due to the dollar exchange rate: customs duties and taxes are charged in US dollars, and are paid in devalued manat.
In 2017 forecast on customs revenues is 2.2 billion manat. According to the State Customs Committee, in 2016 customs officers collected 2 billion 291 million AZN. ----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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