During the visit of the state delegation from Saudi Arabia, 10 th December at Baku Business Center will host a business forum with participation of business circles of the two countries.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum will be attended by government representatives of the kingdom, as well as owners and managers with more than 50 companies from that country.
According to the State Customs Committee of Azerbaijan, within 10 months of this year, exports of goods from Azerbaijan to Saudi Arabia were at the symbolic level - $ 44.4 thsd with exports doubled. Saudi Arabia exported commodities for $ 27,280,000, an increase of 37 % over the comparable period in 2012.
According to the State Statistics Committee , in 2012 Azerbaijan imported goods from Saudi Arabia totaling $ 23.9 million, including approximately 94% accounted for by chemical products (mainly - polyethylene). -08D-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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