In 2014 Azerbaijan is not expected to increase customs tariffs, the head of the State Customs Committee Aydin Aliyev told the media.
According to him, the growth of state budget revenues through the Customs Service will be provided not by raising tariffs, but due to the expected increase in the volume of imports, conducting cross-border trade in a civilian way with involvement of customs declarations.
For 10 months of the year instead of the projected 1.134 billion manat customs contributed 1.38 billion manat to thye state budget.
In 2014, the expected state revenue through customs will be at 1.51 billion manat.
It should be noted that the increase in customs duties inevitably leads to higher prices for imported goods. -06D -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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