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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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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