On June 8 came into force criteria of large, medium and small businesses, approved by the Cabinet of Ministers of Azerbaijan.
According to the report on the government website, the criteria were adopted in accordance with the requirements of the law "On regulation of business checks and protect the interests of entrepreneurs", which entered into force in 2013.
According to the document, the Ministry of Taxes is instructed to submit to the State Statistics Committee data on the annual income of businesses (not later than 20 April of the following year). The same data in the same time frame will be received by the Ministry of Labour and Social Protection, which will be submitted figures on the number of employees.
The State Statistics Committee no later than 10 May of the following year will classify entrepreneurs based on the approved criteria and present this list to the single register of data on inspections conducted in the field of entrepreneurship. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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