On December 17, 2013 Azerbaijani President Ilham Aliyev received Robert Dudley, BP General Executive Director.
The presidential web site reads that the sides have expressed satisfaction with development of a long-term cooperation between Azerbaijan and BP, stressed importance of a final investment decision on the Shah-Deniz-2 project from the viewpoint of energy safety of Europe and development of regional cooperation.
The sides said during the conversation that State Oil Company of Azerbaijan (SOCAR) and BP have established a successful cooperation and exchanged opinions on the issues related to the perspectives of this cooperation.
This year Azerbaijan President has received BP Executive Director three times, the last time was early November.—0--
Economics
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In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
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In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
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Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
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Azerbaijan’s government is open to the possibility of raising external borrowing volumes within the country’s $10 billion debt ceiling by 2030, according to an informed source in the government, speaking to Turan.
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