In Azerbaijan in the last 7 years (2008-2014), 421 136 businesses were registered on the "single window" principle.
As stated in the press release of the Ministry of Taxes, the majority of them (90.1% or 381,957) are individual entrepreneurs, while the remaining 39,179 are traders with legal status.
With the introduction of the system, 7,045 limited liability companies (LLC) with exclusively local capital (39.2% of all businesses with legal status) have been registered as taxpayers.
Business registration system on the principle of "single window" was introduced on January 1, 2008. Thanks to it, the process of registration of legal entities and natural persons engaged in commercial activities is carried out within a day or two by the Ministry of Taxes. But then the market includes either "patronized" companies or those created just for single operations. The Taxes Ministry does not publish reports on the causes of withdrawal of entrepreneurs "without a patron" from the market. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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