In May of this year the State Customs Committee transferred 206.2 million manat to the state budget, which is 21.1 million manat less than in April, when a record index was achieved for the whole history of this department’s activities.
According to the State Customs Committee’s information, in the first five months in 2016 they collected 850,500,000 manats, which is 36% higher than in the comparable period last year.
This year, the SCC plan to transfer customs duties and taxes (1 billion 810 million AZN) to the state budget has increased by 13.8%.
Despite the decline in the volume of imports of goods, the customs officials cope with the plan. Firstly, this is due to the devaluation of the manat, and secondly, due to the elimination of monopoly on the importation of goods from this year on and declaring goods not at lowered prices, but at prices specified in the contracts. --- 08B
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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