The largest supermarkets of the country are unable to contain the former staff after the two-time devaluation of the manat. They appealed to the leadership of the Ministry of Economy with a request to grant tax incentives for the conservation of profitability while maintaining the price of the "social" product range.
As Turan was told by the head of the department of public relations of the Ministry Abbas Aliyev, a few days ago the owners of the chain stores Araz, Neptun, Bolmart, Bizim Market, Fresco, Sebet, and Macromart appealed to the head of the Ministry of Economy Shahin Mustafayev with the aim to apply the zero VAT rate on local socially important foods, including milk, flour, eggs, rice, meat, fish, oil, fruit, vegetables and baby nutrition.
On the morning of April 19 the Minister received a delegation of these supermarkets, promising to consider and positively solve the issue of reducing the tax burden or using tax incentives. The issue of tax holidays was not considered. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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