As of August 1, Azerbaijan's seaports handled 7.3 million tons of cargo, which is 1.8% more than in January-July of last year.
According to the State Statistics Committee, handling the international transit of goods amounted to 86.5% of the total volume, and the rest (13.5%) occurred on local goods.
Azerbaijan has four ports (Baku, Sumgait, Lankaran and Astara) for transfer of goods. The Baku port is the largest of them. It has 17 berths, of which 5 are for oil and oil products, 10 - for transporting timber and other bulk carriers and 2 - for passengers. Baku port also has large oil terminals in Dubendi and Sangachal. - 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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