The Ministry of Taxes in the investigation of 339 criminal cases on the facts of tax evasion and illegal business activities provided transfer to the state budget of more than 54 million manats. It is reported by the press service of the ministry.
The amount of funds transferred increased by AZN 9.7 million compared with the first nine months of 2015. The proceedings of 175 criminal cases were ended because of full payment of the taxes.
In total for the first nine months of 2016 investigation of 719 cases was completed by the Department of Preliminary Investigation of Tax Crimes. On 11 people a preventive measure of arrest was decided, and 109 people on 95 criminal cases were sent to court. ----08D
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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