President Ilham Aliyev signed on 4 October a decree, according to which the list of people who can know commercial (tax) secrets has been expanded.
Initially, in 2003, commercial (tax) secrets were accessible only to eight people in the Ministry of Taxes. In 2010, the list was expanded somewhat. The final decree also includes the chief of the tax audit and operational audit department of the Taxes Ministry, heads of territorial tax departments and offices, as well as the head of the section for combating organized crime in the economic sphere in the Tax Crime Preliminary Investigation Department under the Taxes Ministry. -----08D
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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