In February, Less than 1% of Entrepreneurs in Conflict with Law
In February violations of the law in the activities of 5,375 taxpayers were recorded.
According to the Ministry of Taxes, 1,035 of the entrepreneurs received payments in foreign currency in areas unprovided for that). At 223 taxpayers there were no employment contracts with 591 employees.
Without the "insignia" were private carters - 231 people. In addition, 65 taxpayers were caught in the sale of excisable goods without excise stamps.
As of February 1, there were 616 242 taxpayers (+ 13.1% to last year's February). In countries such as Azerbaijan, where there is no separation of powers, no entrepreneur regardless of the status can ever act only in accordance with the law. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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