The Azerbaijan Customs do not cope with meeting the targets for the collection of customs duties and taxes. Thus, the economic crisis also "reached out" to the customs offices.
The statistical analysis shows that this is the first time since the start of leadership of the State Customs Committee by Kamaladdin Heydarov 20 years ago, who was later replaced by Aydin Aliyev.
According to the State Customs Committee, in January-September through the agency 1 billion 124.2 million AZN was transferred, 10.7 million AZN less than in the comparable period of 2014.
In September of this year, customs officers provided the transfer of AZN 103.7 million to the state budget from the participants of foreign trade activities. This is the lowest rate of customs revenues since January 2014 (97.3 million AZN). In September 2014 the customs legally collected 133.5 million manats.
This year, the plan forecast for the collection of customs duties and taxes is 1 billion 590 million. manats. In 2016 the customs had the same plan. --- 08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review