ING Group Forecasts Shift in Azerbaijan's Discount Rate Policy

Over 4 months of the current year, AZN 65.7 million of refunded funds were returned to consumers in Azerbaijan within the project on return of VAT part. According to the Ministry of Economy, AZN 59.2 million of these funds were VAT parts for medical services and goods purchased in retail and catering outlets. The remaining AZN 6.5 million is the part of VAT refunded to consumers for non-cash purchase of real estate.

The Azerbaijani-Bulgarian Business Forum, an initiative organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and backed by the Ministry of Economy, is currently underway in Baku. The forum coincides with the official visit of Bulgarian President Rumen Radev and has attracted significant attention from key figures in both nations.

Azerbaijan's industrial zones have marketed their products across more than 70 countries worldwide, according to the latest report from the Agency for the Development of Economic Zones.

As Azerbaijan positions itself as a more prominent player in the global tourism arena, the leadership of the tourism industry is striving to pay special attention to sustainable development. Kenan Gasimov, Chief of Staff of the State Tourism Agency, outlined ambitious goals for 2025 at an event dedicated to the action plan for 2023 and the upcoming priorities of the working group "Tourism Development" of the Commission on Business Environment and International Ratings of Azerbaijan.