The State Committee for Property Affairs (SPC) of Azerbaijan has integrated 4 more forms of e - services in the portal of "electronic government", according to the portal site.
Among these services there are "Deadline for sale at auction of objects to be privatized as the unfinished construction", "Deadline for sale of shares through cash auctions of large and medium-sized state-owned enterprises transformed into joint-stock company ", "Applications for sale on cash auctions of small enterprises ( objects)," "Deadline for sale at cash auctions of unused non-residential areas at the disposal of local authorities as well as built on state funds and located in residential buildings."
The information indicates that these electronic services determine the procedure for registration of the auction participants and making a deposit of 10 % of the privatized property and pre-emptive right to participate in the auction. -17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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