Baku hosts the fifth tax forum "Tax system in Azerbaijan: realities and prospects". Taking into account the participation of the World Bank, the event can be called an international. All branches of government are taking part in the forum, including the Presidential Administration, MilliMajlis, Cabinet of Ministers and the National Academy of Sciences, local banks, non-governmental organizations, associations of entrepreneurs and some businessmen.According to Deputy Minister of Taxes Sahib Alakbarov, last year GDP grew by more than 1%; about$20 billion were invested in the economy, half of which are foreign. He emphasized the increase in the revenue side of the budget, which involves the growth of the share of taxation – i.e. the entrepreneurs must, unlike the past years, in time and fully replenish the treasury, to fulfill tax obligations, to keep rightrecords, and do not evade taxes. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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