In September of this year, Customs Service of Azerbaijan provided revenue to the state budget of 123 938 800 manats. It is 148.3 thousand manat or 0.1% more than in August. Since the beginning of 2013 the State Customs Committee has collected 1 011.7 million manat.
The share of VAT is 723.4 million AZN or 71.5% of all customs duties. In comparison with January-September 2012 collection duties, VAT and other customs payments increased by 14.8%.
This year, customs officials have raised the bar from 1.2 billion to 1 billion 380 million manats. The participants of foreign economic activity point out that the level of corruption in customs is still high. Part of the funds raised goes to high-ranking officials. -08D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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