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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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