In January, the subjects of foreign economic relations transferred 103.6 million manat to the State Customs Committee, which is 119 thousand manat less than in the comparable period of 2015, the department told Turan.
Imports of goods decreased 23% in January compared to January 2015.
In December last year, customs officials collected 200.8 million manats of customs duties and taxes.
It is noteworthy that in the wake of the government’s declared fight against monopolies, the customs service said on simplification of customs procedures for importers. However, as soon as these measures were taken, entrepreneurs began to complain about the high level of fees. Some importers say that with the help of customs brokers, they paid less tax than it is now.
In 2016, the plan for customs taxes and duties is unchanged at 1 billion 590 million manats. ----08B
Economics
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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.
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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.
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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.
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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.
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