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
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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