The Azerbaijani parliament at today's meeting approved an urgent bill, according to which, from November 1, a two-year moratorium on inspections in the field of business will come into force.
Now employers will be checked by the tax inspectors and bodies responsible for the prevention of threats to human life and health, as well as national and economic security of the country. The law does not apply to checks carried out by the General Prosecutor's Office to combat corruption.
Recall, the legislative initiative was made on October 12 by the President at the enlarged meeting of the Cabinet of Ministers on the results of 9 months of 2015. In addition, on October 19 he signed a decree on the licensing business of the Ministry of Economy and Industry.
Experts told Turan that does not make life easier for domestic businessmen. So, today, any entrepreneur can open a business for a maximum of 2 days, by registering with the tax authorities on the principle of "single window". Three months later, the same tax authorities require profit tax and "rollback". For this reason, the number of taxpayers, including legal entities, registered in January-September (58,473 people) fell by 4.4% compared to the same period last year (61,181). The declining trend is continuing. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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