In Riga, the VI meeting of the Azerbaijani-Latvian intergovernmental commission on economic, scientific-technical and cultural cooperation was held, said the Azerbaijani Embassy in Latvia.
Another EU country offers official Baku cooperation in the areas of clean technologies, food processing, pharmaceuticals, and health tourism. According to the Minister of Transport of Latvia Uldis Augulis, the priority directions of economic partnership include increase in the bilateral trade, joint investment projects, effective use of international transport corridors, and communication in the fields of education, agriculture, construction, tourism and health. In addition, Azerbaijan is an important partner of Latvia in the field of transit and logistics, as both countries are an important transportation artery and part of the new transport corridors Silk Way and North-South.
According to the State Statistics Committee, last year the trade turnover with Latvia amounted to $ 9 million. Azerbaijan has 20 companies with Latvian capital, specializing in trade, industry, construction and services. --17D-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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