France intends to participate in all activities with the participation of ICT in Azerbaijan
France will continue to support Azerbaijan in the development of the space industry. This was stated by the French Ambassador to Baku Pascal Monnier at the meeting with the Minister of Communications and Information Technologies Ali Abbasov.
The diplomat expressed his satisfaction at the fact that the first Azerbaijani telecommunications satellite is to be launched by the booster of the French company Arianspace.
According to him, France plans to participate again this year (it will be a national pavilion) at the exhibition BakuTel. In addition, it will actively participate in the conference "Europe 2020 - Azerbaijan 2020" in Brussels in June, which will open a new phase of development between Azerbaijan and Europe. - 17D-
Economics
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Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).
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SOCAR Türkiye Enerji AS (STEAS), the Turkish subsidiary of Azerbaijan's state oil company SOCAR, has announced an ambitious plan to build new production facilities for ethylene, polyethylene, and polypropylene (polyolefins) in Turkey. This initiative comes as the country grapples with a widening supply-demand gap, with nearly 90% of its polyolefin needs currently being met through imports.
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The tourism industry in Azerbaijan is experiencing remarkable growth in 2024, driven by post-pandemic recovery and strategic government initiatives. From January to November 2024, the country welcomed 2.412 million foreign tourists, marking a 27% increase compared to the same period in 2023. Projections suggest that the total number of visitors by year-end could reach 3 million, underscoring the sector's impressive trajectory.
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In the first 11 months of 2024, Azerbaijan's consumer market demonstrated steady growth, with the total value of goods and services reaching 67.4 billion manats, a 4.8% increase compared to the same period in 2023. This growth underscores the resilience of Azerbaijan's economy, which continues to adapt to global and domestic challenges.
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