In the summer, most tourists in the Shahdag tourism center were from Arab countries. On September 27 Shahdag announced the summer season closed.
The center reported that for the season the center received 30,000 tourists, more than 50% of whom were foreigners.
More than 80% of the foreigners were tourists from Arab countries such as the United Arab Emirates, Saudi Arabia, Iraq, Qatar, Oman, Kuwait, and Bahrain.
Note that as a result of simplification of visa procedures for the Gulf States, the number of Arab tourists in Azerbaijan has increased. There were 25,000 tourists from the Gulf countries, including 11,028 people from Iraq and 10,086 from the United Arab Emirates. -----71D
Economics
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Azerbaijan’s State Tax Service is grappling with technical issues on its online portal, e-taxes.gov.az, preventing the submission of mandatory social insurance and health insurance tax declarations. The problem has emerged at a critical time, as the 20-day quarterly period for submitting declarations began on October 1.
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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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